MILAN — The luxury goods market is expected to grow 4 to 5 percent globally in 2013 and 5 to 6 percent on a yearly average through 2015, according to consultancy Bain & Co. This represents a slowdown compared with the past three years, when luxury goods showed annual double-digit growth.
Claudia D’Arpizio, partner at Bain & Co., presented the spring update of the “Luxury Goods Worldwide Market Study” in cooperation with Italy’s luxury goods association Fondazione Altagamma on Thursday.
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)