Luxury goods
sales this year are expected to outpace 2012 in real terms with the Americas
overtaking China as the leading growth engine, Bain & Co said in a study on
Monday.
The
consultancy, whose forecasts are closely followed by the industry, said
worldwide sales of personal luxury goods would rise 6 percent at constant
exchange rates in 2013, higher than the 4-5 percent it had
The growth
rate would be only 2 percent at current exchange rates, mainly due to the
impact of the devaluation of the Japanese yen.
The
worldwide market in luxury clothing, watches, perfumes, cosmetics, jewellery,
and accessories such as belts, ties and shoes, is set to be worth 217 billion
euros (185.42 billion pounds) in 2013. Read more.
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