Words by Mpdclick’s Business Editor.
As forecast by Mpdclick in our autumn/winter 12/13 trend Myriad, the Luxury market continues astonishing growth as people buy into brand values, heritage and longevity.
While half the world struggles with debt, high-end brands are reporting sky-high returns, far outperforming all other market sectors. This is proven by French luxury goods brand LVMH, Moet Hennessy Louis Vuitton, who earlier today announced that in the first half of this year sales increased 13 percent exceeding analyst forecasts.
Luxury brands appear recession-proof and have seen their sales soar, as demand for high-end products remains largely unaffected by lethargic global economic growth. Consumers in emerging nations have also helped buoy luxury brands.
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Image source: fashionising.com