Luxury handbags: by 2027 sales down 13%, China stalled

An immediate recovery for luxury handbags is not to be expected right away. Nor the one of the Chinese market. In fact, according to The Independents’ “Luxury’s Great Reset” report, by 2027 purchases of luxury handbags will decline 13.69%. In China, the decline will be equal to -16.95%. This assessment is aligned with Bain’s forecast…