30 Dec '16, 7pm

Luxury Report: As #luxury resets to a new normal, strategy becomes paramount.

Luxury Report: As #luxury resets to a new normal, strategy becomes paramount.

The global luxury market tracked by Bain & Company comprises 10 segments, including personal luxury goods, luxury cars, luxury hospitality, luxury cruises, designer furniture, fine food, fine wines and spirits, yachts, private jets and fine art. The overall market grew at 4% in 2016, to an estimated €1.08 trillion in retail sales value. Luxury consumption shifted away from goods and toward experiences such as travel and gastronomy, which grew faster than luxury goods by at least 5 percentage points. The best-performing categories were luxury cars, luxury hospitality, fine wines and spirits, and fine food. The personal luxury goods category—the “core of the core” of luxury and the focus of the Bain Luxury Study—was essentially flat (in constant exchange rates), with total sales of €249 billion. After relatively strong growth over the past two decades—excluding the financial...

Full article: http://www.bain.com/publications/articles/luxury-goods-wo...

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sothebysrealty.com 30 Dec '16, 5pm

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