As we step into 2025, the luxury sector faces unprecedented challenges. Macroeconomic headwinds, shifting customer preferences and a question mark over luxury's value proposition are reshaping the industry.
To navigate this new reality, companies will need to review their strategic priorities — investing in talent development, product excellence and finding new ways to engage with clients.
Download The State of Fashion: Luxury, a special edition of the flagship report by McKinsey & Company and BoF Insights — The Business of Fashion's advisory team — to understand the strategic imperatives for luxury executives in the years ahead.
