Sales Of Global Luxury Goods Continue To Rise
According to "Daily News" reported in Asia market Driven by strong demand, the global luxury industry continued to rise in the first half of 2011. Suppliers of expensive handbags, jewelry and apparel announced excellent results. achievement And optimistic about future performance expectations. The report released by PPR, the owner of Gucci (brand), shows that sales growth has been strong since the third quarter and achieved a two digit net profit growth. The company's CEO Pino said it is confident that its revenue will continue to grow in the second half of the year, and that Louis Weedon's brand owner LVMH's revenue and profit growth has reached two figures in the first half of the year.
Bain consulting predicts 2011 Global Luxury goods Sales will increase from 172 billion euros in 2010 to 185 billion euros, an increase of 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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