Luxury Industry Poised For Recovery – How can you participate?

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According to an  article in Forbes referring to the global consulting firm, Bain & Company's 2012 Luxury Market Update, the luxury goods industry is poised for full recovery in 2011.

The report is authored by Claudia D'Arpizio, a partner based in the firm's Milan office. The study covered some 220 luxury brands, which includes leather goods, fashion, jewelry, alcohol and cosmetics companies that serve high net worth customers, or those with assets of US$1 million or above.

Growth to return: The global luxury industry has seen steady growth for the last 15 years but contracted by around 10% in the first two quarters of 2009 to 153 billion euros (or $215 billion), compared with 170 billion euros ($238 billion) in the first two quarters of 2008.

D'Arpizio says this decrease does not reflect a permanent change in the spending habits of the luxury consumer. Consumers are tiring of the recession and will start spending more freely again... within the next year and a half.

Some other key findings from the report are:-

Spending on luxury is expected to pick up again in 2011, with a full recovery in 2012. Global sales of luxury goods will stabilize in 2010 and increase to around $230 billion by 2012.

Consumers in emerging markets like China, India, Eastern Europe and Russia will begin aggressively spending as soon as the stock market fully rebounds. China in particular will see a 7% increase in sales of luxury goods in 2009. The less-developed interior of the country will see increases up to 35%.

More diversified luxury brands like Louis Vuitton, Gucci and Hermes will fare better over the next two years than those who focus just on high fashion, such as Christian Lacroix.

Can you participate in this recovery and benefit financially?

Richman's International Millionaire Clubs, widely reported as the world's most expensive mega yachts and horse racing centric chain of private club (search Google using "Richman's IMC" as keyword for more information and contact details), is currently in the process of finalizing its marketing of Charter Corporate Platinum Memberships (CCPMs) which are limited to just 100 globally.

Richman's General Managers are now in the process of appointing country specific Membership Marketing Advisers (MMAs). These MMAs, who can either be companies or individuals operating as independent agents, will be assigned specific corporations in their respective countries. MMAs can expect to earn substantial six figure commissions on their successful membership placements.

Please email your no obligations, expressions of interest to Steve Coipa

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