News

Luxury goods market enters ‘new normal’

21/05/2014

The global luxury goods market is forecast to grow between 4% and 6% in 2014, according to consultancy Bain – slightly slower than the 6.5% rate witnessed in 2013. Currency fluctuations are weighing heavily: the strong euro has wiped between 3% and 4% off the market value in the first quarter of this year, said a study it has published in...

To continue reading this story, please sign in or register.

Related stories:

Currency effects ‘real challenge’ as luxury market reaches €224bn in 2014 22/05/2015
75 luxury brands rake in $171.8bn last year 07/07/2014
‘Luxury is back’: Survey shows top brands' value rose 16% in a year 22/05/2014
Craftsmanship and origin are most important for luxury spenders 30/01/2014
Americas surpasses China as luxury goods growth leader 30/10/2013
China gift clampdown affects luxury industry growth projections 12/06/2013
Leathergoods: fastest growing of luxury categories 15/10/2012
Global luxury market to grow by 7% in 2012 08/05/2012
Global luxury goods market to grow 4% 21/04/2010

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.