luxury BRIC

Luxury alcohol industry to be reshaped by the BRIC countries

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  The global market for luxury goods has returned to steady growth, after the recessionary decline of 2008. While the developed countries dominate sales, the emerging ones are growing faster. In consequence, luxury brands manufacturers and retailers will continue to switch their focus to these new sources of growth. Three BRIC countries will be the … Read more

Developed countries remain by far the largest spenders on personal luxury: study

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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