This year has affected every industry - and unfortunately, luxury brands aren’t immune from the changing times. McKinsey recently released a report that is predicting the personal luxury goods industry will experience an estimated 35% to 39% decrease in sales by end of year. Another report, from Boston Consulting Group, puts the global luxury sales decline at about 29%, per CNBC.
.png?width=815&name=meet%20our%20experts%202019%20(1).png)