By  on November 27, 2017

MILAN — Premium and entry-to-luxury brands will drive the growth of the fashion industry in the coming years, according to the seventh edition of  “The Luxury and Cosmetics Financial Factbook 2017” study, released by consulting firm Ernst & Young on Monday.

According to the research — which offers analysis and statistics on current trends based on the data of 31 listed companies from the luxury and cosmetic industries — the expected compound annual growth rate for premium and entry-to-luxury will be around 6 percent for the 2016 to 2020 period. Data for the same period show a 3.4 growth of the luxury industry, instead.

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