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By: Lydia Gordon

    The outlook for the luxury goods industry remains optimistic, with sales set to reach US$375 billion by 2020

    Our latest data reveal that 2015 was yet another challenging year for the luxury goods industry. In particular, the economic instability, social unrest and armed conflict buffeting formerly fast-growing emerging markets have driven up the strategic importance of the developed markets, not to mention the turmoil on the global foreign-exchange markets since late 2014 creating a global currency war for the industry. Despite these headwinds, the outlook for the luxury goods industry remains optimistic, with sales set to reach US$375 billion by 2020.

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