Leathergoods: fastest growing of luxury categories
15/10/2012
For the first time, leathergoods and shoes are taking the largest slice of the market at 27% of sales, according to a report by US-based consultancy Bain & Co and Italian luxury goods trade body Altagamma.
Leathergoods sales are expected to grow the fastest at 16%, to reach €33bn by the end of this year. Shoes and jewellery are growing by 13%, to reach €12bn and €11bn respectively.
Bain estimates that the luxury goods market will grow at constant exchange rates by 4% to 6% a year between 2013 and 2015, bringing the market to over €250 billion.
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