In this episode of the BOF Podcast, Imran Ahmed, Luca Solca, and Jonathan Wingfield discuss the shifts impacting the global luxury market. They explore the impact of China's real estate market on consumer confidence and the post-pandemic changes in consumer spending habits, including a potential fatigue with luxury goods due to high prices and ethical concerns. The conversation also covers the importance of creativity and innovation in the industry, the operational challenges brands face, and the potential impact of nationalism and trade tensions. They analyze the creative director shifts in major brands, the financial performance of groups like Kering and LVMH, and the long-term strategies for success in the luxury fashion industry, including the balance between creative and business leadership.
