Luxury's Great Reset

The luxury industry is in a state of slowdown: earnings amongst many leading brands in 2024 showcased a pattern of stagnation or deceleration, with leading conglomerates pointing to a myriad of lingering global macroeconomic and sociopolitical disruptors.  

Amidst the caution, there are glimmers of hope and room for creative ignition. Many businesses have remained buoyant, and even seen growth, in face of adverse market conditions. But what’s the secret in maintaining – and accelerating – desirability with today’s ever captious consumer?  

For our premiere group-wide Whitepaper, the sixteen partners that make up The Independents come together to decipher what luxury must do to reset and reinvigorate for 2025 and beyond, backed by unique consumer data. 

We uncover the new drivers shaping luxury consumers’ behaviours, showcasing people are spending more selectively, placing greater value on enriching objects which demonstrate creative excellence, potential for persistence, and boast a rich history. They are discovering these through informed dialogues between people and brands and carefully study those who create via long-form content. The world of celebrity culture is shifting, prioritising micro influencers who have honed in on their niche expertise, and are multi-hyphenate makers that add to our creative discourse. This means people also expect more from the spaces in which they discover and engage with brands, placing greater value on experiences over and seeking an all-important emotional connection. And there’s more. 

↓ Download our whitepaper here and step into what awaits.