FLORENCE, Italy - Hard luxury goods comprise 22 percent of the global market share of luxury and are growing at a faster pace than other sectors, according to the CEO of Kering’s luxury watches and jewelry division.
Although a strong sector in the luxury market, hard luxury, consisting of jewelry and watches, has faced recent hurdles that other sectors have not seen. During the “Hard Luxury or Soft Luxury” session at Conde Nast International Luxury Conference April 22, Kering’s Albert Bensoussan spoke of the major challenges currently affecting the hard luxury sector and how these issues can led to opportunities.
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","iv":"611f22e39c70f2cfdf7b9e97631e2218","s":"d98278d60dd8ea17"}