Craftsmanship and origin are most important for luxury spenders

30/01/2014

Global spending on luxury goods will increase 20% to EUR 880 billion a year in 2020, according to a study by Italian luxury goods association Altagamma and consultancy Boston Consulting Group. Craftsmanship, quality and exclusivity have returned to being the most important factors, influencing 70% of purchases while more than 80% of consumers...