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Apparel and accessories

Luxury market growth slowed ‘considerably’ in 2024: McKinsey

January 21, 2025

Macroeconomic pressures are expected to continue weighing on the personal luxury goods sector, according to the new report. Image credit: Fashionphile

 

The global luxury industry is facing a challenging environment as growth decelerates, per insights from global consulting firm McKinsey & Company.

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