By  on May 7, 2012

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.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus