The document focuses on analyzing consumer preferences in the luxury segment on a global level.
It uses data from the Wealth-X database to analyze spending habits and budget allocation among affluent clients. The study includes interviews with key clients, industry leaders, and local experts in the luxury field. Key findings include changes in luxury consumption, the impact of macroeconomic factors such as reduced spending by Chinese consumers, and shifts in consumer behavior, including Generation Z and 'Aspirational' consumers.