Tim Jackson, Director of the British School of Fashion, provides an analysis of why the Metaverse will be important for luxury brands along with key insights from July 2022’s Luxury Update event.
According to Sarah Willesdorf, Partner and MD at Boston Consulting Group, Millennials and Gen Z are expected to represent 75% of the luxury goods sector by 2026, Elaine Parr, Partner at IBM, revealed the growing importance of Gen Z: “By 2027 around 50% of the population will be Gen Z.