Altagamma: future of luxury between top-tier, aspirational clients and high-potential countries like India and Thailand

Milan - Multi-brand retailers are facing a crisis. This is particularly true for those focused on clothing and leather goods, but not those in beauty and watches and necessitates an ever-closer relationship with customers. The luxury sector is experiencing a period of stagnant growth. There is also disaffection among aspirational consumers. This overview of the luxury market emerged this morning in Milan during the eleventh edition of the Altagamma Consumer and Retail Insight. Matteo Lunelli, president of Altagamma, emphasised in his speech that market uncertainty remains unresolved. Tariffs will play a significant role. Among the countries with the greatest potential for luxury companies are India, Indonesia and Thailand.