In the last few years, luxury goods companies have not only returned to pre-pandemic levels of profitability but have also significantly transformed their business models in line with the transition to a greener circular economy. This development, combined with the AI revolution, is driving innovation and opening up new opportunities for firms in the luxury industry, as well as enabling them to deliver an enhanced client experience.
With this conference, the EFG Gamma Foundation brought together a number of experts to explore the topic of business transformation, how the luxury industry evolved after the pandemic, the key factors for an effective generational transition, as well as new ways of financing key investments and gaining a competitive advantage.
The guest speakers discussed whether the luxury sector should be regarded as a benchmark by other industries.