Winners and Losers in Personal Accessories
Luggage, mid-priced watches and real jewellery will be the highest growing personal accessories categories in 2014, which positions companies such as Pandora, Samsonite and Chow Tai Fook for ongoing success in the coming years. Chinese jewellery manufacturer Chow Thai Fook will fair the best, with sales expected to cross the US$ 10 billion dollar mark in 2014. Leading luxury brands such as Louis Vuitton, Gucci and Coach suffered in 2013 and will continue to suffer in 2014 due to consumer’s reluctance to spend on big ticket items.
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