Global luxury goods sales growth to stabilize in 2015: Bain

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A model presents a creation by French designer Nicolas Ghesquiere as part of his Spring/Summer 2015 women's ready-to-wear collection for fashion house Louis Vuitton in ParisBy Astrid Wendlandt PARIS (Reuters) – Growth in the global luxury goods market will be steady next year at 2014 levels, or around 5 percent at constant exchange rates, with the whole of America and Japan the biggest drivers, consultancy Bain & Co said in a report published on Tuesday. The personal luxury goods industry has been through a slowdown since 2011 in part due to flagging demand in China where the government has cracked down on gift-giving, and economic weakness in Europe. …

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