The luxury fashion market stands at a crossroads amid tightening global economies and shifting consumer mindsets. 

With real incomes lagging and spending growth subdued through 2029, traditional luxury hubs like the US, China, and Europe face unprecedented challenges. 

Rising prices, evolving questions of value and authenticity, and the surge of affordable luxury are redefining how consumers connect with high-end brands. 

How are macroeconomic forces and trade policies steering this transformation — and what strategies around perception, pricing, and brand positioning will ensure lasting success in a rapidly changing landscape?

On Wealth Tracker, Hongbin Jeong speaks to Lydia Burton, Associate Analyst, Food & Drink, BMI, to find out more.