Economic crises in Europe and Russia, corruption scandals in China, destabilizing exchange rate fluctuations around the world and ups and downs of economic growth in the Asia-Pacific region, in spite of all those challenges the global luxury goods market seem to continue growth. This is shown by Bain & Company, a leading global consultant firm, in their latest “Global Luxury Goods Worldwide Market Study, Spring 2014 Update”. The study reports of mostly prosperous sales developments for the first quarter 2014, in line with 2013’s full-year figures and expected to persist through the balance of the year with an average growth of 4-6 % for the sale of various luxury items.
