By  on May 3, 2011

MILAN — A strong performance of accessories, a return of men’s wear, a recovery in markets across the world, and a robust holiday 2010 season pushed the luxury goods industry past its 2007 record performance.

According to the spring 2011 update issued by Bain & Co. and Fondazione Altagamma, 2010 showed a peak for luxury goods consumption, with a 12 percent gain to 172 billion euros, or $227 billion at average exchange rates. The study forecasts continued momentum for the industry, which is expected to post global growth of 8 percent in 2011 to 185 billion euros, or $274.3 billion.

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