Fashion industry growing by 2.5-3.5% in 2017, accessible luxury performing even better

Dec 09, 2016 199

by Giulia Crivelli

Yesterday's meeting at Piazza Affari in Milan confirmed many of the figures and trends in fashion/luxury firms for 2016, in both listed and unlisted companies. Growth rates for the decade before 2015 (a CAGR of 5.5%, greater than the global GDP growth) were not experienced in 2016, and are not predicted for 2017, either.

This projection was made by Antonio Achille, senior partner at McKinsey/Consumer & Luxury Goods manager for the Mediterranean zone, who presented the 2017 State of Fashion report—a report based on the analysis of 450 fashion firms and 140 interviews with experts and managers throughout the sector.

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Fonte: Italy24

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