Fashion News:

The Luxury sector growing up to 10% by 2021

Despite the complex economic situation, investors in the luxury market expect an annual growth of 5 to 10% from 2018 to 2021, according to a study carried out by the Deloitte agency.

This growth is expected to exceed 10%, especially in luxury digital products and perfumes and cosmetics, while the apparel, accessories, jewelery, hotel and home design sectors will consolidate their positive trend

Compared to 2017, the continuous consolidation in the fashion and luxury industry has an impact on investments, moving towards smaller companies where investors expect to increase performance by implementing internationalization strategies

While Europe is the region that has seen the growth of the apparel and accessories sector, investors will be Asia and the Middle East to stimulate the growth of the luxury industry in general. Forecasts for North America are positive (5-10% annual growth), while Latin America will remain stable. For Japan, the outlook surpasses expectations from last year, with investors predicting significant growth, while, apparently, the watch and jewelery sector has lost some of its appeal. Will he be able to recover it?

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