ABRAHAM Lincoln, the 16th president of the United States and one of the greatest American leaders once said; “The best way to predict your future is to create it”.
One industry that has indeed been reshaping its future in the wake of the Covid-19 pandemic is the Global Luxury Brands Sector. As illustrated in the graph, the high-net-worth individual (HNWI) population and financial wealth each grew by nearly 9 percent in 2019 despite rising trade tensions and geopolitical risks that took a toll on business confidence and investment decisions.
A notable shift to monetary policy accommodation across regions — and tech sector performance optimism — calmed tensions around financial market activity. Covid-19 has, however, severely impacted billions of lives, both socially and finan
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