Global Luxury Giant Comeback — Buyers are Mostly Asians
“Western is not on, Dongfang Liang.” Since the financial crisis struck two years ago, Europe and the United States economy has been mired mire become addicted. Post-crisis era, the emerging market economies to lead the global economic recovery, particularly in Asia up to the luxury market brings warmth to the entire industry.
London Business School in 2010, “Asian Forum”, the official consumer of luxury goods to Asia as an important subject for discussion, the College economists found, “not bad money” the Asians, on the luxury fever has reached a kind of the point of near paranoia. Merrill Lynch expects the overall global sales of luxury goods in 2010 will grow by 5%, the biggest driving force is the rapidly expanding Asian market.
McKinsey’s latest survey, Japan’s luxury market is gradually improving, professionals and consumers on luxury goods than the confidence of the industry increased in 2009. The survey of 15 luxury goods company executives, 80% of that company’s performance this year better than 2009, or even 33% of executives expect annual sales growth of 10% or more. Head of JP Morgan luxury goods industry, Frau cover that, in addition to the Japanese luxury market, including China, India, Russia and the Middle East emerging markets, including emerging.
British luxury handbag maker Mulberry is expected, as the fall of 2010, the company store sales in Asia will triple. Italian fashion house Armani has announced that the company’s sales in 2009 from 1.62 billion euros in 2008 fell to 1.52 billion euros, down 6%, operating profit from € 303 000 000 2008 King fell 28% to 218000000 euros, the company’s sales are in emerging markets jumped 32%.











