The Best of BoF: Luxury’s Blockbuster Year

The luxury sector faced major challenges in 2022, from rapid inflation to slowing economic growth, exacerbated by the return of strict Covid lockdowns in China and the outbreak of war in Ukraine. Yet despite headwinds, sales have never been stronger, rising

this year as a post-Covid “YOLO” attitude prevailed.

The strongest brands each found their own way to seize on exploding consumer demand: Some, like Chanel, focused on wooing…