After the post-Covid recovery, mergers and acquisitions in the fashion and high-end sectors have slowed over the past two years. Even so, despite the economic climate, the sector continues to attract nine out of ten investors in 2025, although most are concerned about customs duties.

These are the findings of Deloitte 's latest report, "Fashion & Luxury Private Equity and Investors Survey 2025", which previews the main trends ahead of its publication on September 25.

The survey was conducted worldwide across a panel of 60 private equity investors and more than 114 companies active in the fields of Clothing & Accessories, Watches & Jewellery, Cosmetics & Fragrances, luxury automobiles, luxury hotels, private jets, cruises, furnishings, yachts and luxury restaurants.

In 2024, the high

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