Euromonitor International’s latest research on the global luxury goods market indicates another solid year’s performance for 2013. Driven mainly by strength in emerging economies, overall retail growth is set to be stronger than in 2012, with luxury goods sales to exceed US$318 billion worldwide. This will represent a year-on-year real value gain of over 3% … Read more
Chanel and Clinique are leading the way in luxury beauty: Euromonitor International. Economy, Standard, Premium or Luxury? Brand Perceptions Around the World. Different markets and regions have completely different perceptions of luxury brands. According to Euromonitor market researcher, the perception of brands as luxurious and trends in buying behaviours differ between developed and emerging markets … Read more
World’s largest economies in 2020: Euromonitor International’s forecast In 2020, emerging markets will dominate the top five largest economies (China, USA, India, Japan and Russia), acording to Euromonitor International‘s analyst insight “Forecast: WORLD’S LARGEST ECONOMIES IN 2020”. The most symbolic shift will be when China overtakes the USA as the largest economy globally, say the authors of the … Read more
Benefitting from a fast-growing middle class and a fast-developing distribution network, sales of luxury goods in China have consistently outperformed the global market. Sales of luxury goods in China tripled in value in the 5 years to 2012 and by 2017 the country’s luxury market is set to double in value again, according to the … Read more
Luxury Remains Resilient in the Face of Economic Turbulence Affordable luxury – important ballast to growth in cash-strapped developed markets Driven mainly by strength in emerging economies, overall retail growth in 2012 is set to be stronger than in 2011, with luxury goods sales expected to exceed US$302 billion worldwide. This represents a year-on-year real … Read more
With a record breaking mix of 180 international and domestic spirits brands, the annual industry report by Drinks International and Euromonitor called “The Millionaire’s Club” has come out with the top branded spirits and liquors in the world. Now in its fifth year, the Drinks International Millionaires Club reviews top spirits brands globally with … Read more