NEW YORK — The global economy and the consuming class will continue to grow by 2025 as worldwide spending increases twofold in the next decade.
At a presentation for the Luxury Marketing Council here Thursday night, Anne Martinez, knowledge expert at McKinsey & Co., said: “Between the years 1990 and 2010, the consuming class — that is, a household that makes at least $10 a day for spending — has doubled to 2.4 billion. If we look at what will be projected in 2025, we see that this is going to double again.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)