Luxury Sales Set to Grow by 5 to 15% This Year, Bain Says

The global luxury market is enjoying strong momentum in 2022 so far, Bain & Company said, estimating that first-quarter sales rose 17 to 19 percent year on year.

The market is currently on track to grow by 10 to 15 percent this year, although a slower-growth scenario could see sales rise by just 5 percent, the consultancy said Tuesday in a report issued jointly with Italian trade group Fondazione Altagamma.

While luxury sales have rebounded…