Luxury Goods To Grow On The Back Of Emerging Markets

Emerging markets are fuelling the luxury goods industry, by accounting for around 30% of global sales at present. As these economies develop, their large populations are demanding luxury goods, and they have the cash to spend on brands such as Hermés and Tiffany & Co. Meanwhile, luxury brands have realised that emerging markets are the place to grow, and are expanding into these markets, especially in the BRIC countries.

To read the full article, please choose one of the following options: