Standard poor’s report about the latest development trend of luxury goods

According to standard poor’s report published recently shows that luxury goods makers can not escape from the global economic slump like the previous two years, in 2013, their sales are bound to change with economic conditions, the growth certainly exist, but have been unable to reproduce the glory of first two years.

The French luxury group LVMH Moet Hennessy Louis Vuitton, PPR group, Remy Cointreau ‘s cognac can maintain high growth rate next year, but profits will inevitably declined. In 2011 the growth rate of the three group were 14%, 22% and 25%, in 2012, the growth rate has dropped significantly, especially in the third quarter performance more bad. Thus, the standard & poor’s analyst Caroline Duron said: “we believe profits of these luxury goods manufacturers in this year have obvious drop, but they always is the highest part of the consumer category profit, we believe that the future cash flow is strong, if the economic situation is not too bad, so we believe that these luxury group, also can maintain stable development.”
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