A look back at 2024’s major trends and events in luxury retail. From game-changing innovations to memorable moments, let’s relive the year!
Content Highlights:
Top Innovations in Luxury Retail:
Louis Vuitton showcased its remarkable capacity for innovation in the world of travel, unveiling new products in leather goods.
Christian Dior maintained its creative momentum, fusing heritage and modernity, as seen in its new Miss Dior line.
Memorable Moments:
LVMH announced a 10-year global partnership with Formula 1, involving iconic Maisons like Louis Vuitton, Moët Hennessy, and TAG Heuer, starting in 2025.
Biggest Global Events:
The luxury market experienced its worst year since the 2007-09 recession, with a significant decline in the "mass luxury" consumer segment.
Despite challenges, the ultra-wealthy continued to spend on high-end goods like yachts and luxury vehicles, benefiting from strong asset market growth.
As we reflect on 2024’s incredible journey, there’s so much to look forward to in the days ahead. Don’t miss out on the remaining highlights in our Countdown to 2025 series. Sign up for our newsletter and follow Luxury Learnings on LinkedIn, Instagram and Tiktok to stay informed and inspired.
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