The landscape of luxury is ever evolving, mirroring economic unpredictability and deceleration of GDP growth, higher reliance on technology, and customers with lower loyalty in one single brand.
Recently, the Argon & Co luxury sector management team had successfully concluded the business roadshow in Singapore, Hong Kong and Shanghai and sponsored the 8th Luxury Symposium organized by the French Chamber in Hong Kong. Among esteemed senior executives in the industry, we have observed a common theme: the luxury giants are now facing unprecedented headwinds in slower revenue growth and EBIT profitability pressure.
