Asian Market Drives Global Luxury Sector Sales To Continue To Grow
According to reports, driven by strong demand in the Asian market, the world
Luxury goods
Industry continued to rise in the first half of 2011.
Suppliers of expensive handbags, jewelry and apparel announced excellent results and are optimistic about future performance expectations.
Owners of Gucci (Gucci) brand
PPR
The report released by the company shows that sales growth has been strong since the third quarter and achieved two digit net profit growth. The company's CEO Pinot said he is confident that he will ensure revenue in the second half of the year.
Sustained growth
Louis Weedon's brand owner, LVMH, has increased its revenue and profit in the first half of the year to two digits. Geny, chief financial officer of the company, predicted that consumption in Asia or the US would not happen in the next few months.
slow down
。
Bain & Company
It is predicted that in 2011, global luxury sales will increase from 172 billion euros in 2010 to 185 billion euros, up 8% over the same period last year.
The forecast shows that China's luxury goods sales in 2011 are expected to increase by 25%.
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