By  on June 14, 2019

MILAN — “It’s the first time in history when five generations are buying the same products,” said Bain & Co. partner Federica Levato, commenting on key trends and figures for the luxury goods sector in the first quarter of the year and forecasting full-year projections.

According to the updated Luxury Goods Worldwide Market Study presented on Thursday here as part of the Altagamma Worldwide Luxury Market Monitor, the luxury goods spending generated 260 billion euros in 2018, up 6 percent at constant exchange rates compared to 2017. In 2019 the market is expected to grow between 4 percent and 6 percent to 271 billion euros or 276 billion euros.

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