Luxury goods sales expected to grow 10 percent globally

According to a study by Bain & Company, luxury goods sales are expected to reach an estimated €212 billion, with 10 percent growth globally. Retail remains the key growth driver with branded wholesale whereas e-commerce, off-price outlets also continuing to grow. Bain estimates that the luxury goods market will grow, by 4 to 6 percent per year between 2013 and 2015, pushing the market to between €240 and €250 billion.
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