Inside the World of Luxury Retail: VIP Clients & VIC Experience

Exploring the exclusive journeys curated by Cartier, Chanel, Hermès, Bulgari, and more for their VIP clients.

Sectors & Markets

16 June, 2025

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In the evolving landscape of luxury, Very Important Clients (VICs) have doubled their share of the personal and experiential luxury market in just a decade. VICs are the people who spend over €50,000 annually in the luxury industry. Their influence is expected to rise from 21% (€213 billion) in 2023 to 24% projection (~€296 billion) in 2027. Their compound annual growth rate (CAGR) of 10% between 2016 and 2023 has outpaced the broader market in luxury (~4%).

Yet, many brands are misreading these VIPs. The 2025 Bain & Company and Altagamma Luxury Goods Worldwide Market” study highlighted that VICs are thecrucial customers still misunderstood" with less than 20% feeling consistently recognised and only ~70% stating satisfaction across experience, product quality, exclusivity, and service.