Webinar Dec. 5: Luxury’s Crisis with Fleeing Younger Gens and Dwindling Exclusivity: Next Steps

December 2, 2024

Hermès is a consistent outlier in luxury, turning in stellar results due to its razor-sharp focus on quality, craftsmanship, distribution and brand positioning. How can its peers not miss the wood for the trees? Image credit: Hermès

By Luxury Roundtable Intelligence

Please click or tap here to register for the webinar on Thursday, Dec. 5 titled, "Luxury's Crisis with Fleeing Younger Gens and Dwindling Exclusivity: Next Steps"

FREE WEBINAR

Thursday, Dec. 5, 2025 at 11 a.m. to Noon ET (New York time)

As the financial performance of key luxury groups and retailers is declared each quarter this year and analyzed by industry observers and respected consultancies, one thing is clear: the global luxury business is in a state of crisis.

This year, barring 2020 as the COVID-19 pandemic hit, is perhaps the worst-performing for luxury across several sectors since the Great Recession in 2008-09. It doesn't help that luxury consumption continues to suffer from ongoing geopolitical and economic uncertainty.

While myriad factors are attributed to slowing sales for groups such as LVMH, Kering and Richemont, this much is obvious: the chickens are coming home to roost as luxury industrializes to a scale that is potentially turning off millennials and Gen Z – already more circumspect over their spending – and also forcing top customers to question exclusivity as the rationale for pricing and supply.

While not all sectors have underperformed, the issue still remains: is luxury facing an identity crisis?

In this webinar on Thursday, Dec. 5 at 11 a.m. to noon Eastern time (New York time), we will discuss:

-- 2024 toplines: The year in review

-- Luxury sector-by-sector analysis: Problem spots and green shoots

-- Younger generations and consumerism

-- The flight to experiences continues

-- The more-is-more paradigm: Is "Industrialized Luxury" damaging long-term viability of the brand's exclusive position?

-- Lessons from Hermès, Brunello Cuccinelli and Rolls-Royce Motor Cars: How they are bucking the trend

-- Suggested remedies for luxury brands and retailers as well as luxury professionals invested in their careers

Speaker:

Mickey ALAM KHAN, CEO, Luxury Roundtable

This recorded webinar will be a companion to Luxury Roundtable's annual "Luxury Outlook Summit 2025: The Growth Imperative," hosted Wednesday, Jan. 15 in New York. Please check back on LuxuryRoundtable.com for more details in the coming days. We'd love to see you at the summit.

Please click or tap here to register for the webinar on Thursday, Dec. 5 titled, "Luxury's Crisis with Fleeing Younger Gens and Dwindling Exclusivity: Next Steps"

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