About Us Introduction Presenting the seventh annual instalment of LUXlife Magazine’s Global Excellence Awards in 2023! Once again, we offer well-deserved recognition to businesses at all levels and subsections of the Luxury sector! By the end of 2023 the Luxury sector is expected to reach $1.2trn in total sales. Companies in this sector continue to show resilience in times of economic recession and recovery following international crises. Now that lockdowns have been lifted, luxury experiences are more available and a substantial portion of savings made by consumers during the pandemic are now being spent on personal comforts. Luxury has become part of modern self-care, especially following a period in which access to luxuries was globally restricted. Consumer desire for high fashion, luxury experiences and exquisite food and beverages is rising, as the importance of seizing the day becomes clearer. Despite what many may believe, this sector is not only geared towards the ultra-wealthy. In fact, the larger share of Luxury goods consumers is those with modest incomes who wish to indulge themselves. The Luxury sector is constantly evolving and requires an astute business leader with a clear vision to remain competitive. Brands who establish a dialogue with the younger generations and learn to appeal to current social values are commonly the global leaders in luxury. Additionally, in-store experiences, brand design and tech-savvy are all deciding factors in consumer engagement. Bronze Package 695 GBP Full page article Bespoke trophy Personalised digital logo www.lux-review.com
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