Designer bags and small leather goods (SLGs) show no signs of relinquishing their role as a mainstay of luxury houses. The category, at $72 billion today, is expected to grow to $100 billion by 2027 despite lingering pandemic effects and today’s rising economic pressures, according to The New Era of Designer Bags: Redefining Leather Goods, the latest report from BoF Insights.
Most of this growth will take place in the world’s two largest…