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Luxury Fashion Market Size Expected To Rise At A CAGR Of 4% During The Forecast Period Of 2025-2032 – TechNewsTab

Summary by technewstab.com

The Luxury Fashion Market will reach USD 389.58 billion by 2032. The Luxury Fashion Market is driven by rising disposable incomes and changing consumer behavior and demographics. Luxury Fashion Market to Hit USD 389.58 Bn by 2032 The Luxury Fashion Market was USD 284.66 Bn in 2024 and is expected to expand at a CAGR of 4 % from 2025 to 2032, reaching USD 389.58 Bn by 2032. In December 2024, Neiman Marcus Group was acquired by Saks Global, whic…

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Africa’s Growing Luxury Market: The Role of High-Net-Worth Insurance

With Africa’s millionaire population set to rise by 65% over the next decade, the continent is emerging as a key growth market for global luxury brands. Increasingly, high-net-worth individuals are investing in luxury goods, such as jewellery, watches and designer fashion. But as the demand for high-end items rises, so too does the risk of losing them to theft, loss or damage, says Elite Risk Acceptance’s Tarina Vlok, who highlights the importan…

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