Essential Magazine, June 2022

Page 82

D SPOTLIGHT luxury

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MILLEN NIALS THESE LUXURY BEASTS

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82 / JUNE 2022 ESSENTIAL MAGAZINE

Consumers in power and trendsetters, comprising those aged 20-35 years old, are shaking up the ways of luxury. This generation is about to become one of the biggest spenders in history, having made a major shift toward luxury purchases in the past year. According to Business of Fashion, Generation Z and Millennials will together account for 45% of the luxury market by 2025. But are they really spending enough at Prada and Dior to have that much influence on luxury brands? The answer is yes. WORDS GAËLLE MOUSSET


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