PRCO Group attended the 19th annual FT Business of Luxury Summit in Monte Carlo.
Summit delegates were joined by industry luminaries, including Diane von Fürstenberg, Designer, Sidney Toledano, Chairman and CEO of LVMH, Yves Piaget, Chairman of Piaget, Simon de Pury, Auctioneer and Michael Ward, Managing Director of Harrods.
The themes discussed included Marriott Luxury’s confident outlook on 2023 performance amid inflation and falling real incomes, the ‘storification’ of travel, blending getaways with other passions, and Boston Consulting Group’s assertion that Millenials and Gen Z will make up 75% of the luxury goods market by 2026 and subsequent consumer spending pattern implications.
The event concluded with a Gala Dinner hosted by His Serene Highness Albert II of Monaco, with a surprise performance by Olivier Award winner Beverley Knight.