Luxury’s 2023 for McKinsey: however it goes, it won’t be a success

However it goes, it won’t be a success: 2023 will be a more difficult year compared to the two previous ones. Especially for European fashion brands, said Achim Berg, partner at McKinsey. “During the first 6-9 months of 2023 there will be no improvement of the current trend, but rather a worsening” of business for these…