Luxury Goods Industry Pulse: Q3 2024  

While the industry may be entering a cyclical downturn, luxury valuations look attractive.  

The luxury goods industry is constantly changing. Currently, we believe the sector is attractively valued and don’t see the present cyclical weakening of demand to be long-lasting. Still, the downturn in sales has slowed inventory, which can lead to discounting challenges, particularly for brands without strong distribution control. 
 
Although consumption in Asia excluding Japan is particularly weak, sales in the Americas and Europe were up slightly this year. US travel to Europe has also strengthened in recent months—potentially supporting luxury purchases in the region. 
 
Download the report to explore the latest Q3 2024 trends shaping luxury sales across global markets.