Luxury market growth to reach low point in 2016: Bain

By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.

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Luxury market growth to reach low point in 2016: Bain

Luxury market growth to reach low point in 2016: Bain

By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.

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Luxury market growth to reach low point in 2016: Bain

Luxury market growth to reach low point in 2016: Bain

By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.

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Luxury market growth to reach low point in 2016: Bain

Luxury market growth to reach low point in 2016: Bain

By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.

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Luxury market growth to reach low point in 2016: Bain

Luxury market growth to reach low point in 2016: Bain

By Astrid Wendlandt and Pascale Denis VERSAILLES, France (Reuters) – Growth in the more than 250 billion euro ($285 billion) personal luxury goods market should pick up next year, boosted by resurgent demand in the United States and China, after hitting a trough in 2016, consultancy Bain & Co predicted. Bain, whose industry outlook is an authoritative and traditionally closely watched barometer of trends because of its extensive coverage of the sector, forecast luxury sales growth this year of around 1 percent at constant exchange rates, against 1.5 percent in 2015. Bain is due to release in a few weeks its updated study and forecasts for the luxury goods market, which includes accessories, clothing, jewelry and watches, and has not yet published any figures to show its latest thinking on the outlook.

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Luxury market growth to reach low point in 2016: Bain

Balmain opens first US flagship

Balmain is opening a New York flagship store — its first in the US, confirming the luxury Parisian fashion house's growing popularity stateside.

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Balmain opens first US flagship

Balmain opens first US flagship

Balmain is opening a New York flagship store — its first in the US, confirming the luxury Parisian fashion house's growing popularity stateside.

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Balmain opens first US flagship

Balmain opens first US flagship

Balmain is opening a New York flagship store — its first in the US, confirming the luxury Parisian fashion house's growing popularity stateside.

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Balmain opens first US flagship

Balmain opens first US flagship

Balmain is opening a New York flagship store — its first in the US, confirming the luxury Parisian fashion house's growing popularity stateside.

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Balmain opens first US flagship

Gucci to unify men’s and women’s collections from 2017

Italian luxury brand Gucci announced on Tuesday it will unify its women's and men's collections starting from next year in an effort to simplify the designer's business. The first show combining womenswear and menswear will be at Gucci's new Milan headquarters, President and Chief Executive Marco Bizzarri said in a company statement. It did not specify when the show will be scheduled, but a source close to Gucci told Reuters it was likely to be during the women's Fashion Week, the one receiving most attention from both media and buyers.  The decision comes amid a growing debate in the fashion industry over the need to combine collections, condense dates for shows as well as putting items on sale immediately after the catwalk presentations.. The Florence-based brand, part of the Kering group, is following in the steps of Britain's Burberry group, which said last November that it would bring its collections under a single brand.

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Gucci to unify men’s and women’s collections from 2017