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":"9346ea256030b777cbf894c327d28e1a","s":"c7d3d68cf696cdd4"}