Who is the Cosmopolitan Consumer? - #FIIPRIORITY Day 2
Who is the Cosmopolitan Consumer? I FII PRIORITY Hong Kong
Luxury brands face identity questions as new generations increasingly demand engagement transcending cultural boundaries and traditional notions of status. A 2023 Bain & Company report on luxury trends emphasized the need for luxury brands to engage with cultural fluidity — with Generation Z and millennial consumers constituting 18% and 47%, respectively, of the global personal luxury goods market. How must perceptions of elevated living adapt to the democratized experiences and fluid values of the emerging cosmopolitan consumer?
Moderator:
Emily Tan, Senior Correspondent, CNBC
Speaker:
-Juliana Lam, Founder & CEO, INNOTIER
-Faisal Sultan, Vice-President & Managing Director, Lucid Motors Middle East