Last year, sales of personal luxury goods grew by 4% to 362 billion euros (about $388 billion) from 349 euros in 2022, due largely to a resurgence of U.S. and Asian tourism to Europe fueling ...

Louis Vuitton owner LVMH MC1.26%increase; green up pointing triangle posted sales below analysts’ forecasts for the first quarter as a slowdown that has pervaded the luxury-goods industry for ...

One Wall Street analyst now expects worldwide sales of luxury goods will fall by as much ... are creating a self-fulfilling prophecy: a global recession," he wrote in a note to clients.

“Geopolitical tensions, economic volatility and trade fragmentation” drove the market down, according to the Art Basel and UBS Global Art ... In that time, sales of other luxury goods have ...

That’s what the world’s ultra-wealthy homebuyers were chorusing at the end of last year, when sales of $10 million ... Knight Frank attributed the global luxury market’s year-end high ...