How Can Luxury Brands Lure the Ultra-high-net-worth Consumers? [Yahoo! Finance]
Global Blue Group Holding AG Ordinary Shares (GB)
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Source: Yahoo! Finance
sole comfort, but high- and ultra-high-net-worth individuals don't seem to be skimping on their shopping sprees, undaunted by the dampened macroeconomic landscape. Over the past 12 months, Europe, as well as Japan, has been swarming with UHNWIs eager to splurge on luxury products and, most importantly, experiences. More from WWD The latest “Luxury Insights” monitor compiled by tax-free shopping solutions provider Global Blue and luxury consultancy Agility Research, unveiled Tuesday here and called “The Era of Ultra Luxe Shoppers,” provides an identikit of this sought-after consumer cluster. This includes individuals who spent 137,000 euros per capita in the September 2023 to August 2024 period, according to the report, based on the two companies' combined data. Spend on luxury goods and experiences, as well as premium and lifestyle brands' products, has grown 26 percent for this demographic compared to 2019, the year picked for comparison to offset regional fluctuations in t
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Earnings
- 6/5/24 - Beat
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Sec Filings
- 11/21/24 - Form 144
- 11/21/24 - Form 144
- 11/20/24 - Form F-3/A
- GB's page on the SEC website