The middle class pulled the luxury industry out of the crisis
The luxury industry was able to recover faster than expected, and after the crisis-hit 2009, last year, the turnover increased by 15 percent ie. 1 billion euros, including the services – such as the luxury trips – as well.
According to the Monday published compilation of the Boston Consulting Group (BCG); in addition the growth is not primarily due to the high society, the members of the middle class are increasingly attracted to luxury: 54 percent of the luxury items – exclusive clothes, shoes, perfumes – were purchased by the middle class people – reports tozsdeforum. hu.
Related news
Related news
EM: Further Development of the Deposit Return System Continues
Thanks to the Deposit Return System (DRS) introduced at the…
Read more >Slowdown and price increase at the same time – this is how the milk market will develop in the summer
The dairy sector is experiencing both international price increases and…
Read more >Another problem could cause food prices to rise
Latin American agriculture could face serious consequences if the United…
Read more >