Global Luxury Sector Faces Threat Of Rising Instability In Emerging Markets

In 2016, various developments and trends are forecast to influence future directions for the global luxury goods industry, according to Euromonitor. Rising instability in emerging markets poses the biggest threat to the segment; however, marginally stronger economic growth in Western Europe and North America could give global brands a break. Burberry CEO and creative director Christopher Bailey is expected to give up one of his positions in the company. Market leader LVMH is expected to acquire Italy-based Tod’s to compensate for its exposure in Asia Pacific. Ralph Lauren CEO Stefan Larsson is expected to increase its offerings of affordable luxury fashion.