News

Chinese consumers are still driving the growth of the luxury goods market

16/11/2018
Chinese consumers are still driving the growth of the luxury goods market

The personal luxury goods market will grow 6% at constant exchange rates to €260 billion in 2018, according to the latest annual report from specialist consultancy firm Bain & Company. This sector has outpaced the overall luxury market, which is only forecast to grow 5% this year.  Bain & Company expects this positive trend to continue in the...

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

Related stories:

China to spearhead growth of luxury goods market 11/06/2018
China’s luxury industry rebounds in 2017 22/01/2018
Chinese consumers help luxury market to rebound 27/10/2017
Report urges luxury brands to “rethink their strategies” 31/05/2017
Luxury brands must innovate as there’s no “new China” 15/05/2017
Report reveals changing face of luxury goods market 11/01/2017

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.