1、11thEditionTrue-Luxury Global Consumer Insights11.According to Wealth-X definition,this group corresponds to individuals with$30M+in net worth2.USA,France,UK,Italy,Middle East,China,Japan,South Korea,India,Brazil3.Includes:personal includes apparel,footwear,accessories,leather goods,beauty,jewelry(b

2、randed and unbranded)and watches;Experiential includes furniture,food and wine,fine dining&hotel and exclusive vacationsLast year we doubled down on top-of-the-pyramid luxury clients This year,we triple down!11th Edition Research partner For the first time,leveraging AltratasAltratas WealthWealth-X

3、X database of more than 150k HNWI1 profiles across the globe to analyze spending habits and share of wallet allocation20+in depth 1:1 interviews with True-Luxury Very Important Customers10 VICs interviewed in focus groups(5 each)in two countries(USA&China)20+interviews&content discussion sessions wi

4、th industry CEOs&executives,and Client AdvisorsEngagement of local Luxury experts and industry partners from different regionsResearch partner 7k+respondents quantitative survey across 10 top luxury countries and regions21K respondents ad-hoc deep-dive on toptop-tier clientstier clients (min 50K/avg

5、.360K yearly spend in luxury3)Research partner 2 2Financial Financial CrisisCrisis2008-2009The Personal Luxury Goods Market is facing a rare lack of growth 11%5%6%3%10%-2%-21%High growthHigh growth1996-2000Luxury democratizationLuxury democratization2001-2007Chinese boomChinese boom2010-2015New norm

6、alNew normal2016-2019ReboundRebound2021-2023ResetReset2024-2025CovidCovid-19192020Personal Luxury goods market growth evolution19951995200020002009200920152015201920192020202020232023Note:personal luxury includes apparel,footwear,accessories,leather goods,beauty,jewelry(branded and unbranded)and wat