In Women’s Wear Daily , BCG’s Filippo Bianchi and Guia Ricci discuss the decline of the personal luxury goods market, highlighting that 35% of aspirational customers have reduced their spending in the past 18 months, according to BCG and Altagamma’s latest luxury report . As the global population of high-net-worth individuals increases, Ricci says that building a stronger luxury industry means refocusing on attracting top-tier clientele and strengthening the client relationship, the client experience, and product quality.
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Women’s Wear Daily