French luxury group Kering's flagship Gucci brand has seen strong sales growth since March and expects to be able to grow more than twice as fast as the wider luxury market over the medium term, the company said.
Global sales of personal luxury goods will rise this year but only moderately, with higher spending in Japan and Europe compensating for flat trends in Asia and the United States, an industry report showed on Tuesday.
Spending on luxury goods by Chinese shoppers abroad fell last month for the first time since such records began in 2010, leading to the worst ever monthly result for the luxury goods industry's tourist sales.
Growth in the more than €250 billion ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the USA and China, after hitting a trough in 2016, consultancy Bain & Co predic...
Italian handbag maker Furla has seen full-year comparable sales rise by 23 percent, confirming consumers' growing appetite for accessible luxury brands while demand for bigger, more expensive labels continues to wane.
Sales growth in the global personal luxury goods market has slowed this year to 1-2% from 3% in 2014 at constant currencies, hit by lower demand in mainland China and Hong Kong, consultancy Bain & Co said in a study.