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Sales of luxury on track to pre-pandemic levels

Sales of global luxury could return to pre-pandemic levels according to a report by Bain & Company. The path to recovery showed positive signals when the industry returned to growth in the first quarter of 2021. Compared to 2019 (2020 is not a comparable year) growth of 0.1 percent was driven largely by sales in China and a recovering U.S....

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Luxury goods to see slowdown in 2016

London - The 285 billion dollar luxury goods industry is to see a slowdown this year, according to market consultants Bain & Co. In its latest forecasts for the luxury market, sales are expected to slow to just 1 percent this year at exchange rates, compared to a growth of 1.5 percent in 2015. Figures are expected to rise in 2017 with a renewed...