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CNBC

Wealthy shoppers are spending more on almost everything ... except this

Wealthy shoppers are spending more on almost everything ... except this

  • octubre 19, 2016
  • min read

CNBC

Wealthy shoppers are spending more on almost everything ... except this

As wealthy shoppers shell out more of their money on fancy cars and travel, luxury handbags and other personal high-end goods are being left behind. According to a new report by Bain and Altagamma, the global luxury goods market is rising 4 percent this year, to 1.08 billion euros. Yet personal luxury goods are one of two categories expected to contract, and are seen falling by 1 percent.

"More and more consumers are questioning the real value of luxury goods brands," said Claudia D'Arpizio, a partner at Bain.