Bain news and archive

Luxury market steady despite global uncertainty

London - The latest report concerning the global luxury market by management consultant firm Bain & Company shows collective growth at 4 percent to an estimated 1.08 trillion euro sales in 2016. The report states there is evidence that luxury consumers are changing their spending habits for more personal high-end experiences, such as luxury...

BusinessFeatured

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...

ManagementFeatured

Luxury market remains buoyant

London - What crisis? The demand for luxury goods around the world is as booming as it ever was, as wealthy Chinese consumers continue to cement their status as top spenders, according to a new study by Bain consultancy. The study, released Thursday by Italian luxury producers Altagamma, forecasts that global sales of personal luxury goods will...