Luxury goods sector to grow by 7% in 2027: Goldman Sachs

Goldman Sachs projects revenues of major listed luxury brands to grow by 7% in 2027 after years of sluggish sales. The US is flagged as a key growth market, with American consumer appetite for luxury picking up sharply. Post-COVID price hikes, limited innovation, and geopolitical tensions are cited as key factors behind the prolonged slowdown.