Il 2021 sees a major recovery in world luxury consumption compared to the black year of the pandemic. The 20º Altagamma Observatory presented this morning to Milan the positive data on the 2019.
The analysis of high gamma it also estimates organic and positive growth for the next year, not as accelerated as in this one 2021. The reopening of the shops and the first trips will favor the positive trend which estimates an average ebitda for 2022 growing by + 10%.
"The Observatory photographs the performance and trends of the global luxury goods market, which has experienced a massive growth of + 135% in these two decades", declared Matteo Lunelli, President of high gamma, during the opening greetings. “Much has changed for the high-end segment, which represents a real locomotive for the country's economy, as evidenced by the 7,4% contribution it provides to the Italian GDP. For 2022, the Altagamma consensus foresees a still sustained recovery for most sectors and an increase in the average company EBITDA of 10% ”.
Furthermore, during the event theAltagamma-Bain worldwide luxury market monitor 2021, which expects growth in the global sector a € 1,1 trillion, thus recovering about half of the losses 2020 and bringing the sector closer to 1,26 trillion pre-Covid.
"For personal luxury goods, full recovery is recorded, with a 2021 market value forecast of 283 billion euros, up 1% compared to 2019", explained the experts of Bain & Company Claudia D'Arpizio e Federica Levato.
The situation and prospects of the industry were the topic of the debate in which they participated: BRUNELLO CUCINELLI, executive president and creative director of BRUNELLO CUCINELLI, XNUMX Diego Della Valle, president and chief executive officer of the group Tod’s, Leonardo Ferragamo, President of Salvatore Ferragamo and honorary president of high gamma, and from Remo ruffini, president and ceo of Moncler. In the final they intervened Pier Francesco Nervini, coo Northern & Central Europe & global accounts of Global blue, Daniela Oct, general secretary of Aura Blockchain Consortium, is Giovanna Vitelli, vice president of Azimut | Benetti group.
