Luxury Outlook Brightens
Down but not out, the luxury market is looking to new categories - plus female and older consumers - to boost its bottom line in 2010. That was one of the messages at the “Luxury Beyond The Crisis,” a conference organized by The International Luxury Business Association and held at the Hotel Westin in Paris Tuesday. New luxury categories - including technology, furniture, travel and spas - will help the sector register a 4 percent revenues increase next year, according to Jean-Marc Bellaïche, partner at Boston Consulting Group in Paris. Minus such categories, a 3 percent dip is projected for the sector, he noted. Read the Full Story at WWD.