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.
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)