Designer bags and small leather goods are often the most recognisable products a brand can sell. They can also serve as an indicator of the wearer’s desired social standing and values.
That’s only going to be more true in the coming years. According to market research firm Euromonitor International, global consumer spend in the category is set to grow from an estimated $72 billion in 2022 to $100 billion by 2027.
The US and China currently…