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April 25, 2024
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Research

European luxury sector, at $880B in annual revenue, represents 4pc of EU’s GDP

February 4, 2020

As British as they come: Bentley Motors' Continental GT V8 convertible. Image credit: Bentley Motors As British as they come: Bentley Motors' Continental GT V8 convertible. Image credit: Bentley Motors

 

By Dianna Dilworth

The luxury business contributes $880 billion in annual revenue to the European economy, making up 4 percent of European GDP, according to a new report from the European Cultural and Creative Industries Alliance (ECCIA) in association with Bain & Company.

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  1. Zegna Group raises revenue 8pc in first quarter
  2. Gucci makes splash with 'Lido' collection
  3. Porsche named official electric vehicle of 2024 Met Gala
  4. Sofitel leverages local ties in new campaign film
  5. Double-digit growth streak continues at Hermès
  6. Prada Group sees first quarter sales rise 16pc
  7. Kering rocked by 11pc sales dip in Q1
  8. Christofle opens pop-up showroom in West Hollywood
  9. Nobu to open hotel, restaurant in East Cairo
  10. YSL Beauty adds Bahamas, Colombia to rewilding project scope
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