HTSI in universities

Zed and the luxury: young people write the future of luxury

Over one hundred students under 30, more than 2,000 participants, over one hundred start-ups: the results of the research conducted in collaboration with the Luiss Guido Carli University on the most promising generation of consumers (and potential entrepreneurs).

by Bisan Abdulkader and José D'Alessandro

In queste pagine, alcuni degli studenti dell’Università Luiss Guido Carli che hanno partecipato alla ricerca. Nella prima riga, da sinistra, Filippo Angiolini, Ties Verhaegh, Fadia Bedawi, Ludovico Berti, Andrea Bettera, Martina Biricocoli, Flavio Valerio Riva, Barbara Bonzo. Nella seconda riga, Isabella Drocco, Federica Carli, Valentina Ciccarelli, Edoardo Colosi, Francesco Giuseppe De Sanctis, Flavia Formichella, Claudia Di Francesco, Gideon Diepenbroek. Alla terza riga, Federica Carleo, Giorgia Fantini, Alessandro Maciucchi, Carlotta Fuzio, Giuseppe Del Giudice, Giorgia Pasquariello, Domenico Capparelli, Sophia Celani. Alla quarta riga, Ossian Lappalainen, Milica Glodovic, Emanuele Guglielman, Alessio Guglielmi, Kuandyk Akniyet,Marco Giovannini, Vera Leite de Faria.

5' min read

Translated by AI
Versione italiana

5' min read

Translated by AI
Versione italiana

What is the relationship between young people and luxury? Gen Z is both the most elusive and the most courted generation of consumers: a significant slice of the market, with partially new expectations, values and preferences that brands are trying to intercept. But Generation Zeta also represents the future of entrepreneurship and creativity made in Italy. For this reason, HTSI launched the first Luxury Start Up Award in 2024, and selected and rewarded the ten most innovative realities in fashion, design, cosmetics, hi-tech and art. Launched at the end of the magazine's ten-year anniversary celebrations, it is part of a broader and more articulated project, created with the aim of giving visibility and support to the builders of the future.

While the Award will return with a second edition in 2026, this year the focus on Gen Z has moved to the university, thanks to a collaborative project with the Luiss University. "Experiences such as this one represent the heart of our educational approach: putting students in contact with real challenges and bringing out and training their entrepreneurial mindset and design thinking ability," says Michele Costabile, the rector's advisor for the development of the university's Entrepreneurship, Venture Capital and Start-up Ecosystem.

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Ten luxury verticals, 20 teams, 22 nationalities, 106 start-ups identified, 115 students involved, 143 people interviewed in the focus groups, 819 pages produced, 2,185 survey participants: these are the numbers of the research developed with the students of the Entrepreneurship, Innovation And Technology course, in the final year of the three-year course in Economics and Business at Luiss, led by Professors Bisan Abdulkader and José D'Alessandro. "There is a lot of research on the relationship of Generation Z with luxury, but this is, to my knowledge, one of the very few carried out by the students themselves," explains D'Alessandro. Here is what emerged in a survey developed over a semester.

Nella prima riga, Ludovica Leonardi, Francesca Lupi, Sindi Zenelaj, Emanuele Margotta, Zhang Renzhe, Elena Mazzei, Luca Murri e Pietro Reali. Nella seconda riga , Sonia George Otieno, Francesca Giovannelli, Francesca Filomena Pascale, Francesco Pediconi, Giulia Peronaci, Tamara Peshevska, Francesco Pierotti, Martina Pulimeno. Alla terza riga, Annalisa Rancitelli, Pietro Nardiello, Marcello Saddemi, Dea Bisha, Benedetta Rosi, Morell Miguel Ribot..

The PERIMETER OF THE SURVEY AND THE FOCUS GROUPS

Ten in-depth verticals were identified, using the luxury market segmentation elaborated in Bain's market study with Altagamma as a guideline. Subsequently, this subdivision was refined and brought down to five main areas: that of personal luxury goods (fashion, leather goods, shoes, watches, jewellery and beauty); that of luxury experiences (hospitality, fine dining and gourmet, art and exclusive events); that of high-end design (furniture, home décor, interior design); that of luxury mobility (cars and vehicles, private jets, yachts); that of digital luxury (gaming and digital collectibles and e-commerce luxury platforms).

Le fasi del lavoro sono state quattro. Prima una desktop research svolta principalmente online per raccogliere quanti più dati disponibili. Poi una serie di focus group, con la tecnica del fishbowl con coetanei, amici e colleghi, ma anche con ragazzi più giovani, per esplorare le diverse opinioni sul tema e sviluppare gli insight da validare nella fase tre. Quindi, una survey quantitativa (con oltre un centinaio di persone intervistate da ciascun team) per approfondire e testare i risultati emersi dai focus group, sottoposti a un doppio processo di analisi, qualitativo e quantitativo. Da ultimo, ogni team ha avuto il compito di identificare una o più startup che incarnassero i risultati emersi (e che saranno al centro della seconda puntata di questo racconto). «La sfida è stata combinare il rigore della ricerca scientifica con la libertà di sperimentazione e di errore che andava lasciata agli studenti. L’impegno di questi giovani provenienti dai Paesi più disparati ha compensato abbondantement

Da sinistra, Gabriele Santoro, Filippo Scilio, Camilla Strenta, Daniele Selvatici. Alla seconda riga Felice Urciuoli, Arianna Tosti, Jacopo Berti Esclapon de Villeneuve, Tara Tomovic, Lieke Vermeeren. Nella terza riga Carlotta Gallo, Itan Vasili, Nikole Vasilcenko, Marlen Sagidolda, Sunyifei Wang.

PLEASURE, DESIRERABILITY, PERSONALISATION: THE NEW DIRECTIONS.

The results tell of an extremely multifaceted generation, with precise ideas on desirability and pleasure, which traces a direction for the luxury of the future, no longer defined by rarity, but by a synthesis of authenticity, digital expertise and ethical consistency. A luxury capable of speaking to the individual, rather than to everyone, of resonating with personal and unique needs.

Innanzitutto, è cambiato il concetto di sostenibilità. Per i nati dalla metà degli anni Novanta, l’attenzione all’ambiente e all’etica non è più un elemento che differenzia un marchio, ma è una condizione minima per essere considerati credibili. Se la trasparenza sulle filiere e l’impegno green sono apprezzati, non bastano però a giustificare un prezzo superiore. Salvo rare eccezioni, i giovani consumatori non sembrano disposti a pagare di più solo perché un prodotto è sostenibile: il rispetto per l’ambiente è atteso, non premiato. È un prerequisito, non un vantaggio competitivo. «Questo risultato suggerisce come le pratiche green siano ormai parte integrante del contratto sociale», spiega Bisan Abdulkader, docente di Entrepreneurship & Innovation. «Di conseguenza, i brand devono assicurare la sostenibilità in modo fluido e naturale, facilitando la creazione di esperienze co-creative, e la viralità spontanea. Ciò implica, ad esempio, la costruzione di ecosistemi in cui l’onli

Authenticity and emotion trump prestige. People are not seduced by status symbols or iconic logos, unless these are the bearers of authentic values or relevant cultural meanings. In all the sectors analysed - from automotive to cosmetics to art - a clear preference emerges for brands capable of generating emotional connections and narratives consistent with the identity of young people. Luxury, therefore, is no longer synonymous with ostentatious exclusivity, but a form of personal expression, where quality, integrity and the ability to communicate something that resonates inwardly count.

The role of social media is relevant in brand discovery, but trust is built elsewhere. Instagram, TikTok and influencers are powerful tools to connect with new brands, but Gen Z seeks confirmation through channels considered more trustworthy: for example, independent reviews, friends' opinions, online communities. In the more fashion and digital sectors, the hype built by influential figures continues to exert a certain role, however. The logic of exclusivity and belonging has faded, but has not disappeared completely.

Despite being digital natives, young people maintain a critical attitude towards automation. They appreciate all technology that simplifies - such as a smart reservation system or an augmented reality app - but reject that which replaces human interaction in contexts with high emotional or sensory content. In restaurants, in art, in fashion, what counts is the direct lived experience: technology is welcome if it is discreet, functional and non-invasive.

Finally, one fact emerges forcefully: customisation is crucial. For Gen Z, every consumer choice is also a declaration of identity. Whether it is an item of clothing, a cosmetic or a piece of furniture, the ideal product is one that leaves room for modulation and co-creation. "The consumer ethos of this generation is not absolute or ideal," Bisan Abdulkader points out. "But it is filtered through pragmatism, aesthetics and customisation.

Gen Z looks at the world of luxury with interest, but tends to reinterpret it according to criteria of accessibility and coherence with their lifestyle. Whatever economic availability they can count on, they show a strong focus on perceived value and flexibility. Young people tend to appreciate solutions such as fractional ownership, high-end second-hand or subscription services, because they allow exclusive experiences without necessarily adhering to the traditional model of ownership. "In the mobility and hospitality sectors, ownership is redefined through fractional or modular models (as in the cases of Raus cabins or the co-ownership of electric luxury cars)," adds Bisan Abdulkader. "This change reflects Gen Z's concept of flexible engagement, where value is strongly embodied in symbolic utility and the possibility of shared experience. Luxury, therefore, becomes less of a status statement and

The approach is more experimental than in the past: what counts is experience, uniqueness and the possibility of conscious and personalised choice.

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