News

Americas surpasses China as luxury goods growth leader

30/10/2013

Reversing the trend of recent years, the Americas luxury goods market is estimated to grow at 4% in 2013 versus 2012, surpassing the estimated 2.5%  growth rate for China, as luxury spending in that country moderates. A steady pace of store openings in second-tier cities in the US interior has fuelled sales growth as well as luxury spending by...

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