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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. 

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.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

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