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Global consumer goods companies have been on a roll for the past 10 years. Fueled by dynamic expansion in developing markets, an M&A bonanza and relentless discipline in cutting costs, the industry’s operating margins have hovered over an impressive 13% for the past decade as consumer goods companies captured greater and greater share of the global retail and consumer products profit pool.
Global luxury goods sales are defying initial concerns over Eurozone turmoil and fears of a cool-down in emerging markets.
The global market for luxury products reports constant growth. Bain & Company anticipates that the international luxury goods industry will increase by total of 8 percent in 2011 to reach EUR 185 billion.
The global crisis of the luxury goods industry ended in the fourth quarter of 2009 – a year in which the sector was forced to report its first downturn in overall sales in its history.
Sales in the internationally luxury goods segment will increase by 4 percent to prospectively EUR 158 billion in 2010.
What more than 5,000 women told Bain and Vogue magazine about their buying behaviors.
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