Research
July 8, 2025
Luxury shopping on New Bond Street in London. Image credit: Walpole
By Amirah Keaton
A new report from the European Cultural and Creative Industries Alliance (ECCIA) and global consulting firm Bain & Company reveals both the strength and mounting vulnerabilities of Europe’s luxury economy.
{"ct":"sfXbORQ\/R1mJTdMdCml3pXul+IJQe+S6JN2SdTXRUpDtmviBcMz\/\/OjM\/AiHR7xjDbwGWtDWZ4II1GFIszBcN09uTxmnfJKmnomA+FWXdp6gceR65weEcwMLUgDcOaHy0oIsChHo0umvuUhpYQxXNhY+oEp4r9OAsddGyxhuLnPmRCOb9Eczk\/4M9wyht0\/I3bcYrZCusf1TxmcujOSJAPxYPic34MkAjqTvKuYykG7ZABO8ScGdg8EZ5U1js9T9J+2r1xRhn7PuRGPqYvVZFfA\/TyS63z4h\/n9h806pomkBbf4vRU0KFWE7S2J6esdkjvVH5uuqUN+sEtwG\/h6lB+3G+KzXAlzhqGmK5qHMe\/C2hePHPu+xD4d13BBfj5iJLA\/XRi8cI7OtMZE1ISQzlGsQb4QaVxU4V93mk4GdsZLk\/V\/imEMKS5MYLjtMNYMkyKEZYubcIej+\/YjtlfJxxyBn2QY77VJU4ehovP1NJNEgYHttp+5JvFy8vRM1PsNXPkEp9yD+Tv6urNAPgtIN54zFPgRQ+SZtee4S5Nx687I6RMAzYQcrc\/rFtEcfJ\/POxepE2RNgzFPJ8nbngD8r7IHXYrscqR8pKhZHwNd63jGL9UsXmExf3Th9Uhwg2FQHsB0AddGaiP3ZklnKGSl7tFixO2jhJJMlJ3PajMj2xuiI9qqcHxMSkRSRVK1k0+uEl38WIbLfZclPbQYWa1BuhXYSEEct5zBj1zSzWT41Buy6rChz8lo8DoBH1s7N8iFOpobGjZlUxutTC7B9O69zMnQ\/vY1NCEBfSRLTA9O0uN7fqxoQ0WAHziXg5tFH29M313oLOg0zAlLS8EuYvy5oGFE0riOJot21ohkbMFXeOtQhuzuRlvJpeAAbPskRxuQ4KdtZJD3yrMI8d2lxWJrm7J9dv46OnE7qflapnz7lBcvdD5wWx56ZPdZ7QdlF5qSVH0eEewc9nmYch7kJSvtByLedj6w\/Jb2DHEst7igqnlRPIO6B4g5ipVuE7GNl08JM66TrAu3xwgIX2zrCP+UVJ\/zz0KehBH1pR3OYAV4a4zIEdyw8hPdoj1+nA1PaEHlPFyHOaokjjJMrSL6kYq5\/yPmwcITykXNolLuC5HeNfkvUQOU3GW2bwnPGA8xbn\/gzF87DXzgAu5tAHUeQJDh5eVe759fKrvaBwrm9BWMVhYiTnl0Ute7T2ayxOJluSxlod856xTlU9GLHdG6YXgdyWWTOxkSmiM8lT5mNTnQSTducY4vRTTB+Staw0NinkCk75ivw8+3VsEc34sUcLHB7XCpm7G1GkHHtvhE\/3yPdxpl9Q4RAdkI2d8OU83U1r+chlZSHvaT5Hi0oRYxJmxOj\/f5tQxoWEa0gP53PNe6yA0VVBvysQ0FCc7HKcq7OecyAQBIqXq1A1tevF9BpTqoPSV6g+QTguYc8SyOUwwRECMfgoQpHD+UaczzMcg3ASrQjnrrSDpkcsDRx42dSyKtRfK1jBf980C4zGyOJ+9V\/b3isfXcD4A8\/QpILXFk7UaGadmDkn0fP\/ibi95qpw1r9WOGyqOISEp9IkELvRnax93B4H\/q4C8KktV7mZh\/2iCtyC6a+JofMuIVNRpo\/NBP6ljNkiPLqvRROMVLhlSYdgsI5PBfkGZp+u0Pptg2M5VLLW\/xZvFChXC6+7GkKpIppSdhHMg9k2bCA8vbpGSWvac299YrHWUrYUTp3iQMh3j9DmMt82wxHRVQwEOPM1tAVrVFifvKlwi7nMFWEpvAgLJ5hIXdhpdHZKaC+Gkty9RyVAw\/V2UsxpdW3Fg19mAfTzNyrIganqBKuUdI7A8ULuxgYps5F\/0GyOB\/6JDCVg8TNvGSSai0BcWgSTOkPJJERRJqF5BuRnC1NuHPVcKcmpKa2VsAklDHnWsbbZGvJKSVJX9LUma6D2+ejz\/5Qa2qyRpoHj1tEK4XEgWwEIDBxsOzWQkqp5UxvVuZR0bhjBcQng7atSMeGND09ADRC5qNJhEYsyJ+v33amzwce7OooDVCNArVorLiIk9HXGCqMQgcMMGnkW0g1WpOZk0xhQPO8fPzaJzYFTCn0Fzo0mX4wHLpSzeCjOkVSj52wBlFJVogaRcfkDWOE7rnzgBcSsZaq5x1nwESp0EpOGAPmXRHPJB\/ftlrpe3yyGapqdnd+gvJkWnvgf3ih02kaseNq3FElioQDXhxrJw3aJSI7h5Nly\/yXzyyCktlPkIhE5qByHyxiC5\/DWX1e6ns9t6\/Xxx4lN8PF\/gAqYPrDK1tF25ZICj\/1Idt8ObyJXaHN4RZVz9EXGInD\/cCYK8UMxagQTul1d8kBAL7waxpTA4dDq\/lNzuqniaTCcFjvAjK\/X9HfO0Ij34t6M+ucPC2ZUVrXT6f3apI0V3z2AdCTpLa1X0Ae57TtAsuIwo18OVFtLksMTOLw2uPjePK+C2OezfnzS5aezzAkhuo67QrxZDlhFmvFKWqM4KSezIznlGfW2IjbUj9nwjWSGtIX5N8Cz8FXufienGr1MmzXN0w7i4Lqtm4w\/DhWgVoLYQRadAO4jBC+VzhHA34DYOh5yCkzHkCcH2vS8lHK2bkFaWyExycGi68Ro7ht4rgM2tmIYzJn65tBC4eIW8oR8ZNqyH9a8B8jy0u\/tnv3IDVkSC3HjiEFzXhNhwped0ic3iiCE9c+of08xjGY5EE92xmcUB9PoHUEFlE1k303+V+57wYkvdwvjAxr\/fNmV5Hp+yTzzm9xu5wQkxSZ8EYrjwS\/3M0i+WTP67f9RZSQsB8nG8ej9ZyqLcJ5nrZjbnBMzAw9B4f3f2e4w0AE5fLfxRPk9fiouKJ+2MMuN7FliuB0oZtikLHTH31QSfOUzMoAdIT4uaTK3lDgAib3IrCzOjaawkoI65m4yjW+K3E7uCBNAOGOFiZh6q+ogvJrTrlAvA1SgtnTH1OubAYHmI9d1al06nA2yBSX57Xukw6XLkcAsV5EmdWvapYNNQyjiowsHQ3nJM\/A4DC5r2SSO64c3u0AR+xM1Aoh42KhImAEUeVh32Pb\/OtND1pnmZrSJC4eJm2dZ425VZdyiwfoh0Pc5pulhLSz40soq1Wzm4XAfPgtOh4hhMDtXqtRTJZ\/DqL4OHaOH5Y75f8QD4k3VMun7kr1BKAV+w8pG9AhA6zEsgnOgpKoA\/dPzQ7UHqu8VLkdKksuSA3J0oEwdpPALPjbD0zjdic7wRhn8KWpUntU6P\/l3Rcrie3azWpiu6VjrCugbYRNJPedq43Y4qXukx197aWN9QzWWpkW8GIp771vFhXPzxlIjd0cnqX31H5zT9MWED5RjaPGjzCVc7ZmtUkKGEhIgnPHi01jVyvOg6HMC+j1C4\/2uR1+a7mVKuTAUUW6rJR0p2JLYCt6KGGn78aPAwJgm9kW1VQ9MTELNYCRtS0mWhMSjdzkKiqx5p844R8Cdf9SzLPvRIfzFLFzH1OQsYx1ezJ+k6KjaDVmhsM\/pwpIzgYstwmokRfyCDT7gCI3ogfPSom9H4xYWteAMak16lOdPg+mXZiUIZVL6ICbMfCA5FX\/XNXI0K6V8fiMuxHtO0XnQ9+eUP+qnru\/PSGa5UvRJKm4SuTQweyt9accIi\/9zsX6pioZ\/ZwAQsFlFKamyJwNmUbPctqC2Pa1ozs10WDrN8aLOcneUsZP2IJtMyvtmzWOjre\/QqqDpBPqWQ9tU\/5aalWDZ1STC5eZfh3r7bCwDvDhlWkkwCXVwl8zrnFsfKnVJj9of8gV2OHwyUXBLjMfbho9WtwZqA4wi+UOI\/TWpYvUPl9\/iKAnR\/rPSy0704JgifH295MqlCPXLJlyWpY0DhXIMU80CUSwVkO7ihBYw39L3aPrQEQqA+0p4g9OH+E+Wo7tzy7yZ9n4ODLKUqgjkZ4Hkr3Cg+bU0euDeBKjpRFqlqwHkFHmemKEK\/Z0vESKAs+Zz2y\/BWUgwloifQqMaSPFrCA7cWe6mLM\/Hv9nrD3BuT6CQZ2EjONwib4hrMYheOh4HQBnMmQJyncUsUtK3rxw5pxwwCtr6BXh2Hu2yx1pCJY4q0NK21uzZfWLe7FGJh0QQv+Hjt2aJBoPsApoBlwnuCAYslVgSY2b+0HqMhK\/kZnvmVZE7n+XdsVPtqNaFToVktFVcYgx8xZxvNlzJvtoe96InQCyXsj9SFcpzTKRr33HYwvgh8NK2K2dt8cJetMmj1DusWNs32p0FCyWqCNA\/wC2GdCNhQX5qcOE8tBSAFvr10sCRA\/+YDL8Bj+EuIcR\/0PSCeB3h1u2kTUfl1peKMsNowTw5j9mnBOn+ikTnk7YumhSxf8+lglWBFYIQ6We7SBb9vyKRdOR3C2lA3bWtlEj6fzahFas+4xrKVywMdZNkx80a19LJa6qLA3j11loWd8Z\/Ed3Ij8kdNtfqaoJAowttsZXaeTtbFyUT3wXgY2dTFyi7XuqfhouXEOCIIeVqHAV0V4MbWc1iNEvsQVXZBPt33PfK5\/33SipayKV7t4A177m5GPxBoKkEeu\/FhP7\/Ejs8JLOyQN17TDKwwo1EUWvkyJOIsAfLeM9d4Ro1yWSTbx5SaI76GTYSqdYnY1JaOkNIVicFSzHelYxi7Rj0DqaRiPRe5ltGV7bFS8P4ohbqs8NK3lrNtFq+xcAPg18rs5QEBwu4LwnbDgfrc\/68sQhsfd5V6aI9N6vWzLsGrYZ\/q+Pp2KN2xg4IbT+hfatMgXoPt4re+Elc\/eXlrGdwj2EKfRi0kmK+LEx0GYdJSLLSrl9KgeTurnDn7iOqZaFfmUN9E4xNXfv+5M1ewOYMlMIQP8LFWDTqEd7d54FjQzJf28ffrnJVwSQ0jn\/Z14nWO7fT5qZ79ZYBxDh6PDgK+bUawKJEmcHM3G38WnwHYdiSaAgZTGjcsB8EtC\/XFSxIb3x1siOe43foiV8zaKU2M2MApsuDv5EA5X2y0C\/Gqq+anKHX9rVNZomwM2j0gekf07cecy2ogcHItbETCnumT8RNZhp1n\/qJtSC+\/g4BT+O7qRvXrWc0N3VBk53w+DnuzZg7Sz9yIyfmUd\/pR2UaLkq+yYXUCjInTsXVTk+LgCZ\/9viDlu2Z6+kvf7z8+hcUtKvreE6ed26S1k7B6gbqwEbuhuup9je554bFIC9esVpQOe4vu8zetERSpCCkcfJ+wgCLsWJbL+kIOw9JA\/0Xjo5b+ltnVmvIdheGJ8mY\/G0moAsMn+2CgzSQ\/bFoY0D5KsLm\/LmgosbbL\/xErVzdL3kWZSl8TxhXSmydzHfKKDlRLuhSBOXnQ2dnz0OWl0cEc\/S+0WXVq3ZiimNSTPSfzs0c34sn42ZlgwZgnhXpnwplAHrr3w9unO5zjZhWE5nfMNs\/pfLI6fmeyWOJMPOCqKRUjiNhJ+EAO3fvVRqlY13oc0bZj8RyEsVmjZm5MXxSGQBEKR4Qpz+ENdJLyIPa\/AQZIVQInrnoa0XrxHLG4mtuYlDAI\/YF64O4B7h+FM8ZSXBwibE59uik8ZeYch170biefTT\/fhbH7WsWqpJ8ac\/fs5I9JrfIT1sFIBicC7eFP4Szc4WsP1y4yFasZM4jt7WGdiaI7130J6MwBx9GdtbhjCiVb9cOU1UH1gNIFdZaxIDTpE1aR7KwM09MR+p+11vNsQViCWs3YVNqqm1sXxXBvSIpX6r8zkr3yevbWIH6keLCZbaA0pujW3xcrM7S4r1C86DGo1CWYHSMVdjdugiSTAwK9ZW8ENTc3OedctoJar2Tptbm6uJJGZjrmJt31B9jdv\/Ps0evCZWUPWsrj1t2yN37ZRQqVkv2nhOCohZmoDpipmJW9ku0vpwO7oOMGsNf3OQdSpmdErJAVL5alsvZ75PVh+6x\/JriW3Ljjd1hUFR3GvCSe5CZqrxgnXcHQNqBMIsDPvQSwvOhBeQwMcK\/8qBsFfxotOG\/NbkoA+JWaJUeiFWlFK+d6jTLy9+6\/9nVBsTHFS24QtxDzTi8EQrlP2QzgmzZ5QC2ThKVITitnWHaD7tRwD5qRDZCnozsZf+sZKAAl\/SYt5QBXSr23LaGOCeVozgFdIzbiqr3x6G1xw6VjjwrZ9iW0wHoxYiUnhaa172+3j70pMVnd\/5Vo+fsMJ4bFb5CexB5TBXRYTyZW0fgcuwS7ELQkzDczNyd7kogbHG064Dy8CsYGcMyeVPsTrTBg==","iv":"0bc8819396c3882397eb5abf01de7951","s":"69df10971e367613"}
Share your thoughts. Click here