By  on November 15, 2018

MILAN — “We are looking into tomorrow to understand today,” said Bain & Co. partner Claudia D’Arpizio, presenting possible scenarios for the luxury goods sector in 2025.

While forecasts appear increasingly difficult to deliver in the short term, the management consulting firm and Altagamma said sales of personal luxury goods are expected to post average annual growth of 3 to 5 percent at constant exchange from 2018 until 2025. This would mean expected total revenues of between 320 billion euros and 365 billion euros in 2025, according to the Bain & Co. Luxury Goods Worldwide Market Study released on Thursday as part of the Altagamma Worldwide Luxury Market Monitor.

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