MILAN — Lifted by growing demand for accessories and China’s ongoing appetite for luxury goods, the global luxury market in 2012 is expected to reach sales of 212 billion euros, or $274.5 billion at current exchange rates, up 10 percent compared with last year, according to a study by Bain & Co. in cooperation with Italy’s luxury goods association Fondazione Altagamma.
Sales in the last quarter of 2012 are forecast to grow 7 percent as no slowdown is expected for the upcoming holiday season.
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