“In the four years since the Covid-19 crisis, the network of luxury shops around the world has changed very little, increasing by just 0.5%, especially in Asia-Pacific, Europe and the Middle East. If we exclude Michael Kors, which closed 132 shops over the period, mainly in the United States, the North American market has also proved attractive, with new destinations such as Saint-Louis, Detroit and Austin, previously shunned by the houses,” summarises Luca Solca, author of the report and senior luxury analyst at the firm.  Luxury retail is concentrated in just 25 cities, with Tokyo, Seoul, Paris, Hong Kong, New York, London, Shanghai, Beijing, Osaka and Taipei topping the list. “Major investments have been concentrated in the French capital,” the analyst points out, highlighting th…