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Listen "Bain Report: The Business of Luxury in Shift"
Episode Synopsis
Bain annual luxury report: in 2 years (2022–2024) the global market lost about 12.5% of customers, shrinking 400m to ~350m.
50%+ of consumers say luxury brands are overpriced. But it's not just about the price, there's disconnection from brand essence, limited personalisation and conservative product focus.
https://shorturl.at/IdwsF
50%+ of consumers say luxury brands are overpriced. But it's not just about the price, there's disconnection from brand essence, limited personalisation and conservative product focus.
https://shorturl.at/IdwsF
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