Bain: The luxury goods industry may see a recovery by 2026, but price increases are causing customer loss.

After a stagnation in the global luxury goods industry in 2025, sales are expected to grow by 3% to 5% next year. However, management consulting firm Bain warned on Thursday that years of aggressive price hikes have alienated consumers and threatened long-term growth. Nevertheless, the consulting firm pointed out that continued price increases have put high-end fashion brands out of reach for "aspirational consumers" and even made ultra-wealthy clients feel "betrayed" - a stark reversal from the "elevation" strategy that has dominated the industry in recent years.