Analyst predicts luxury goods growth of 6% for next year
10/07/2008
London-based Deutsche Bank analyst Jamie Isenwater has predicted that the European luxury goods market will grow by 7.1% this year and by 6% in 2009.
Stock market turmoil has affected companies specialising in high-end leathergoods and other luxury items and Mr Isenwater said growth is becoming more difficult to achieve, and that there are fears that demand could decline.
He put the total value of the European luxury goods market at EUR 180 billion.
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