Why It Matters: 'Rebuilding Loyalty', how Gen Z and millennials are set to spark luxury revolution in Asia

The Evening Runway with Elliott Danker, Timothy Go and Chua Tian Tian

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1M ago 10:36

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Approximately US$2.5 trillion is expected to be transferred to the next generation by around 70,000 high-net-worth individuals in Asia-Pacific (APAC) over the next decade. And Millennials and Gen Z are projected to dominate 70 percent of the global luxury market spenders by 2025.

So how will this set to impact the region’s luxury retail landscape and consumer spending behaviour?

Jess Tang, Senior Consultant of APAC, WGSN tells us more.

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