Luxury’s comeback? Why one leading bank thinks the sector is about to rebound

Luxury’s comeback? Why one leading bank thinks the sector is about to rebound Proactive uses images sourced from Shutterstock After two years of disappointing growth, a new report from HSBC argues that luxury’s slowdown is ending. The surprising driver is not just China. It is the US consumer, wealth effects from stock markets, and a long-overdue reset in pricing and creativity. Luxury has had a rough couple of years. Sales growth stalled in 2024 and barely improved in 2025, leaving investors questioning ...