Invest in lucrative luxury goods

The long-term outlook for luxury is compelling. Matthew Partridge explains how to profit

Luxury goods
(Image credit: Getty)

Over the past 15 years, many of us have seen our incomes squeezed by recessions, a pandemic, inflation and higher interest rates. So you might expect the demand for luxury goods to have fallen. But the sector is thriving. 

Ben Laidler, global markets strategist at investment platform eToro, notes that according to consultants Bain, the value of the personal luxury-goods market – beauty products, watches, jewellery and shoes – has almost tripled from €122bn to €354bn since 2002. 

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri