Our immediate priority is to help and support those at risk through this process and do what we can to best set them up for the future.” These proposals are subject to consultation and no decision has been made about how we will ultimately proceed. He added that Gymshark would seek to offer as many of its “people as possible the new roles as possible where it is appropriate to do so”.įrancis said: “This was an incredibly difficult decision to come to and we know that this will be upsetting for our people. Please check your email to download the Report. Read this report now if you want to maximize growth using in-depth market predictions. Key trends affecting the global luxury apparel market.Hot issues and profiles of leading brands.Retailer and brand market shares, 2019-2021.Luxury apparel market size at total, regional, and category level – with forecasts out to 2025.This report provides comprehensive analysis of: Understanding these crucial elements will be essential for luxury brands and retailers to stay ahead of their competitors. This growth is only expected to continue, and GlobalData’s free report Global Luxury Apparel Market Trends, Size and Forecasts out to 2025, can assist companies in understanding the drivers behind this growth, as well as potential inhibitors and key trends affecting the market. This growth has largely been due to strong demand in the key market of APAC, with the lifting of restrictions leading consumers to spend more on luxury goods for events such as holidays and social occasions. The global luxury apparel market has seen exceptional recovery since 2021, after the inevitable sales decline in 2020 due to the pandemic.

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