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Bain & Co. warns growth in the luxury market will slow to 5% this year with spending in China...

Bain & Co. warns growth in the luxury market will slow to 5% this year with spending in China the biggest area of concern. Just last year, the sector was cruising along at a double-digit growth pace. The influence of Chinese consumers on the global luxury market continues to be dramatic with the nation now accounting for half of all luxury purchases in Asia and close to a third in Europe. On watch: RL, COH, KORS, GUCG.PK, WRC, TIF, LVMHF.PK.
Comments (1)
  • KORS insiders sold heavy in two separate secondaries.Before the recent secondary management increased guidance. This speaks for the companies prospects. If management and insiders thought they could do better with safe harbour pre announced selling they would.
    Does anyone care to comment.
    15 Oct 2012, 12:34 PM Reply Like
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