Global economies aren’t exactly out from under the cloud of recession just yet, but there are signs of financial health sprouting up like the first crocuses of spring.
International forecasts for the luxury sector are generally positive, despite some jitters among consumers, especially in Europe, with concerns about consumption slowdowns in China as the government cracks down on high-ticket bribery and corruption. Here, a few prognostications for luxury segments, a look at some recent stats and a few figures for cocktail party conversation.
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)