Millennials will control 40% of the global luxury goods market by 2025*
*‘Luxury needs to be redefined on millennials’ Terms’
McKinsey, November 2017
Millennials represent the next engine of growth for the luxury market, yet brands are still finding their way in understanding how to engage with this crucial audience. Brands that understand millennial expectations of luxury brands and the new model of purchasing behaviour, will be those that succeed in the years ahead.