Luxury Goods Industry Pulse: Q2 2025

The luxury goods industry continues to experience cyclical demand shifts, but recent trends indicate potential investment opportunities. Currently, we believe the sector is attractive overall while maintaining pockets of overvaluation and undervaluation.

The sector remains challenged by pressure on margins, slowed inventory management and a decline in Chinese real estate prices. However, this cyclical demand weakening is not expected to be long-lasting.

Download the report to explore the latest Q2 2025 trends and challenges shaping luxury sales across global markets.