Monday 09, November 2009 by
Luxury goods business puts worst behind it
Buoyed by a projected 12 per cent year-over-year increase in sales in 2009 in mainland China and 20 per cent growth of sales online, the decline for the worldwide luxury goods industry will be less than expected in 2009 and poised for one per cent overall positive sales growth in 2010, according to findings from the 8th edition of Bain & Company's annual 'Luxury Goods Worldwide Market' study.
