Asia leads global luxury growth: study
(WorldNews Asia)

Shoppers in Mainland China continued to lead growth of the luxury industry globally helping the market for luxury goods and services grow 4% at constant exchange rates in 2019 to touch an estimated EUR1.3 trillion, according to findings of the 18th edition of the Bain & Company Luxury Study released in collaboration with Fondazione Altagamma. `The global luxury market confirmed this year the moderate growth rate associated with the `new normal´ era, mainly driven by Asian buyers,` Claudia D´Arpizio, a Bain & Company partner and...