A report by consulting firm Bain shows that the luxury segment could be worth up to 580 billion euros by 2023. picture alliance / Geisler-Fotopress | Christoph Hardt/Geisler-Fotopress
Luxury brands are considered a slow-growing but promising area of the stock market.
The consulting firm Bain predicts a market for luxury items worth between 540 and 580 billion euros – an increase of 50 percent.
What’s more impressive than owning luxury brands like Gucci or Louis Vuitton? Owning your shares.
Luxury brands on the stock market are currently seen as an area that should be treated with caution, but is still promising. These companies stand on strong foundations. Therefore, the luxury goods market could reach a value of between 540 and 580 billion euros by the end of this decade, a report from the consulting firm shows Bain. According to the report, this corresponds to growth of more than 50 percent.