As part of its commitment to embracing more sustainable business models, Chalhoub Group’s circularity report provides deep insights into the regional consumer’s attitudes, behaviours, and motivations in circular fashion.
Estimated at USD480-500 million in 2022, the GCC luxury re-commerce market is expected to grow at an annual rate of 10%-15%, reaching USD760 – 780 million by 2026.
One third of GCC consumers already purchasing pre-loved items; an additional third planning to do so.
In response to the growing demand for ethical consumption, over the past few years, Chalhoub Group expanded its efforts in circular economy while paving the way to Net Zero Commitment as a Group.
Wed, Dec, 20, 2023
