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
We are honored to present an article by Fflur Roberts, Head of Global Luxury Goods Research at Euromonitor International Hit by the global economic slowdown, the luxury goods industry went through a period of decline in 2008-2009 but by 2010 the recovery had already begun, with most developed countries recording positive growth. At the same time the … Read more
The luxury menswear market has been growing at a rate almost double that of womenswear, say the recent figures from global consultants Bain & Co. The men’s luxury fashion market (40% of the global market) is growing at about 14 percent a year, while luxury womenswear is growing by a mere 8 percent. This change … Read more