MILAN — There’s no stopping the growth of luxury goods in 2012 despite social and economic instability worldwide.
This year, the sector is expected to report gains of between 6 and 7 percent at constant exchange rates, reaching record sales of more than 200 billion euros, or $261.4 billion at current exchange, according to a Bain & Co. and Fondazione Altagamma study presented on Monday in Milan. Accessories and the hard luxury category, which includes watches and jewelry, remain the best performing divisions.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)