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Impact of COVID-19 on the global personal luxury goods market based on year-on-year change in market size in 2019/2020, by category

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Source

Release date

May 2021

Region

Worldwide

Survey time period

2021

Supplementary notes

The source states that the data is based on elaboration on official annual reports, official companies press release, secondary market data and interviews with key operators/experts within the sector.

Citation formats

Impact of COVID-19 on global personal luxury goods market 2019-2020

Published by
Bruna Rocco,
Aug 24, 2021

The coronavirus crisis hit the personal luxury goods sector in varying degrees. A recent global study revealed that watches and jewelry market saw the largest decline in 2020, as the market shrank by a quarter compared to its size in 2019. This was followed by the apparel and accessories sector with a reduction of ** percent in market size. Cosmetics and fragrances market was slightly more resilient to the effects of the pandemic, as this market experienced a ** percent fall in size.

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Topics

Luxury goods in EuropeGlobal personal luxury goods industryMoët Hennessy Louis Vuitton (LVMH Group)Apparel market in EuropeM&A in the luxury goods sector
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