E-commerce and younger consumers are bound to drive the business expansion of the luxury fashion industry in the next years, until 2025. Such is the forecast provided by Goldman Sachs, as the American investment bank expects luxury turnover to increase considerably in the next seven years: +60 billion euros. Most of all, booming online sales will drive such positive business trend, and will therefore enable top brand groups, such as Cucinelli, Burberry, Moncler, Prada, Kering and LVMH to begin with, to increase remarkably their sales in terms of volumes. The financial bank also makes a prediction as to revenues, which are expected to go up by 23 billion euros by 2025. Such growth mostly relies on online sales: thanks to the web, in fact, range of customers turns wider, especially with regard to younger consumers, who are naturally keen on shopping. The web also offers a number of opportunities on the whole. As a consequence of that, supply and relations between manufacturers and multi-brand selling tools, each of which has some peculiarities, are going to change.
Goldman Sachs expect luxury revenues to increase remarkably: +23 billion euros by 2025. Moncler, Prada and Kering some of the best
