Luxury Goods: Global luxury sales expected to reach EUR217bn
+2% and +5-6% FX-neutral
Yesterday Bain &
Co and Altagamma have revised down their 2013 forecasts for the global Luxury
market, which is now expected to grow 2% to EUR217bn vs. 4-5% expected in May.
As illustrated by the recent publications (LVMH, Kering, etc.), currency
headwinds have a significant impact this year
(-3/-4 pp). Sales in the Americas and Greater China are seen to increase by 4% each in 2013.
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