The luxury price spiral is coming full circle
. Luxury price spiral. Photo: file PARIS/MILAN: The global luxury goods sector, long defined by rising prices, booming demand and an air of exclusivity, is entering a moment of reckoning as new forecasts suggest a modest recovery in 2026 while warning that years of aggressive mark-ups have left buyers feeling alienated and even “betrayed”. Bain & Company’s latest study, prepared with Italian luxury group Altagamma, says the industry is expected to grow by 3% to 5% next year after stagnating in 2025, helped by steady momentum in the United States, resilient consumers in Europe and Japan and gradually improving conditions
