Global luxury goods trends report

This report discusses the future of the global luxury goods industry, including changes in key markets, the impact of luxury wearables and how brands are looking for more meaningful 'luxury experiences'.
  • Sales of luxury goods grew by 4% in real terms in 2015, to exceed US$317 billion worldwide, despite facing challenges such as deflation, political instability and fluctuating currencies.
  • Luxury goods spending, in the context of all retail sales, varies widely across key global luxury markets: in Hong Kong, it is three times as high as in France, and among Western markets, the share of luxury sales is notably higher in Italy than in Germany.
  • China's luxury goods market was on course to overtake Japan to be world’s second biggest market (after the USA) by 2019 but its slowing...

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