Research
February 3, 2014
By Sarah Jones
Luxury consumption will grow organically over the next 10 years with overall spending growing from approximately $985.5 billion today to almost $1.2 trillion in 2020, according to a new report.
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RR20\/Krf\/idKtfBb2Gp6+RYJxp7rHhs+\/UJ+HgXn0RYuDrkusGf+UQbtUdqrlWrVsey8W9T0\/1Rk2t+tSrW98pRFQUM8pWYFBG0ej3aiC5z+uWkkphJW8RKVU9xBg8pfo7p3f2RNZ4X\/pvSDFq7kQf0glFRXxbIjdrxeEHjBSW8AxRXeh9oJGKzrdpyTfK1IVZhMR6PJsOWQn7eWQxQAl9jxSjkDT+kKCRZ0hLwYZmBhrnOJDSzhZPEKmCzWfNT8VbotJyPpxU0OfLejge9Kvqhd\/E0ErcyTXVWoD0ci\/rL2DmXXibfVlpOOySUjgowhMrVhEfFUk2uxw6RjcXD\/Gge8Q951cYoFoDC0HHfTWcOPqQLL8uL49tWOzrYDFHFn+UKMKimXpFqqC7T4x3XNqYVNuyl2q+9EtcNSbgABwkpoA9YysB1FZHdisg7INMasuxcHBQLoblxfsQzUf7lDH+SoE\/ilMRhNbn27rRnKsSQRT70oiAhVnDRi8YagaT2J8dq0MHy5xStJm0te2nAB3Cnnket47v7KBiAJKsoLUdTbNeBQ9p7K5ieR3jGAPNUgbaCsOhLaUrX0xhvReqBpDWv0t9enP963TnE7h2OmI2MhXFzn4mySMWq7Qq9OzzCJ6+5ro8dbWuG3SwhFjk\/cMq53Vg9phTyGgwYlbvJ6shXkbW8migg5E3ni+lbyTv8fseiMcg70zdDbAmRrghFQZhZZDTxEJAJKMBFMRSmBdIGf2DgvBkmfJdPI4ezc\/Ahos9B9BHsJ+jb9fNBoBBc9+KDNBddMmQA+aZoz6MVbEbrppelC\/Pa7t\/c4Pw+4oNgWdeYUZ\/cDNqPkYut\/U4SsRC10qIWaWyUaXAdkSRQPIR8nb4OsZUj0p\/qvj2RfSdFZXGR1l9YpmGo4QnOr5PictecgVstB6Te3uOEYKOLjy4oQG\/9DyAgw3cd9dkQBX1R8eGiwreSD4rd8SOmPBabdb6Mvuuz4wwDqNMxb1NWPz9evMzKkGlxH\/rO7hsd38tdMyQbuccefNpnTpUTIukshKHMEA7NK\/sweObBPOhEKGzSrI9INiCUXae4a73hmbCbZ5sAy48W3MYoah6HgXKimPJpH8fxNwMQScwcLaafWR0iYxhykheIYEh4oxmEdJ4pmqNwVce\/rClRDvHsoqdrKUF5go7B4gND68r398AjdaICoujnVh3SaDr\/Mykp9n3i4fiOUOVuONaKsTtjx4q96sCd27tHQV0ZE0\/xKj15QY2h5BRCw0pf+g3\/dWsK92a129RPielIdG4T3Hz8PuNWzSsUJ+pDuhpcpc7vtrAPuxgE+zR6wqZ+7Tykxp\/rrR28PubfSk0qUgxcvvYZGcKB9cML+WYl0g4XrmGwJHDyLRz7PWG4ViYBcd6EnLRIJXAxrLC78RXU\/cRA2aF4a\/zL76zXdIvAWspAnX0AeV2JlbsHJrdd748y3itetsWV4GV9GraeGeQDHkO\/udf\/TbZC3DVidFcf\/85mAO4oXCNC+rLLx79zVbstwzXlsCILjcwQLhBDcR1hjzCYVG4MNzwg8ZSy+\/jOEH3yCxL7zLm3G3bFcDgi9L\/5WRb6JRlH2JWXkxcunPtleLjyrwKhY11Dbl\/OkdTtYBGoQbDuw1U1k6HNUhjGTDAgKtB9iry4V9AM7zhso6+qiUQgLNdGPbooQCIkmYb1ulItoov4BenmxSGRnjj6Ab8SoD5puo4IPnQfoGlLZgLIYCavn8cLgPoE2aYJiSH+0u803iPNdoKbCOJDlhGPjrv6H\/L9O2pCZ2uNO9w3D1ScIPsMEwadeNe4dlfP2n+WfGvYYzCIy3xnW6A\/mbK4nBcjK\/ycGesfSTiRIrKCVOgRCkONgqi6sCCSf0nbikJ8TcgPlRPzqgIGcVLp8Wc+K70FAtruvJxqkJHP3poLmEqBk+X5oVnZdkc+PkMSNsA3nuQaHB1kElMLCigKrsUwZG8883HoFjqXwsThtfLa4\/y+MRvtvLKVIznX\/OMESHHpwaJqzJzMwLnQxZt4cyU56g78QIG0Z9s0TPhQIu6Lxk8bk9kpym8PLJLrxFG37M22JUptCF+HIWUIu45YZyTOhO00ccqGszCNifJaLr4\/mTWoNqY9krpJKZkDqOBTpyGh1h7qr9NeNgjOitVcadpdiHWMZ2E\/MbGsYYpw1FbtA569AlGp3cmjXnx3+3Huk5eKdyoFORZXALdzJPG3b0MltvwIxSfnO5u2\/OvoHoEqYHhHGyQMcPPcqJQ+gLTw7qJI\/ura57KMuw4P8DoWEDWUKRiMrTxCjQdArRit9lWWYm8OrxPcgOtBJZ9D41LN8x1FQwXzqaL08t8zZKSyfM4WehM9dtwBlogsFIjv\/stwJAKoLlZjm56DJbtuEWmYCqiusuK\/hgG5aWZfvb92I\/jCKDoX7gvbWX4dwls9PCirR5VzT\/iottihS5emy9F3QsWqsh1YbmHaxTyTjaQlvgGQL5nCQ9QqodN+5niWeFYiYuItJ0MeAhE2kqcE1fol\/+n0\/wkpuD839nPBqqsOUbo9enE00p6hd3YpMyCVgsEkys2CYuhhyXCOQprlOoed8oapCOH8PrLu0RdHpyOB6KQfvP7Or+QPZH8kD1jcB5e391Do3BcptbSOmS+UGBmsliAEWRRIrewI+fpRfjA+VJuYOdSErrSYx28rvcgVBwLbzwegtSn65mThDMROuU3Pa6FAhdzHScyvoQ8C3I+DKquD401t7XYeg57VdE5RDYYbPPFXM0FgNye2w5UdiQFKk9fh9Ngd4lQTrzmAEOC7MsGM\/Y5Q3+R75+r9Pto3KF0wqa4hr47EIWs7UM4qcqRZmHQD6IoupAY3ho7IEEBMyTYtePJvEkjL5yT7eGYhniL97VR2RfjP+\/wAquXA14xhP1\/h999Ycgidtov9r4etfHVP+m5\/2KhpLE8m57ggNtJJYb+lSP2Ykgx20jtShToTOoosZIQMU8gejCmn8MibvUoCV4Pam5Cy0oIU1iJ4uAwetKFB3Zs15FiDvlkCFEHx3h5EMky4ixWyaZ68sc648PXzq9DT4Pm9DieXlsddS3JIdPBq68h3FHIU720zGYew28lL4PsjknFIzocB7LATPKtXeKutmWxnW\/JuzMNveAul5vi2t8QZFF3xTA4DMzpzoe+hvP879Gz+JBnB9VInwgvCCtvkWJX+lFqATuRZOiAponqy7nB092UxsGrBr5p8QqfF5c15yvKpR+jLUGI\/9zaZhctWpCCmf5pU61jtgDFGx9EW4sDcEORBdymgHnyPLoxr\/BirzFKPNjHx04J9xKjDGeruwifAqncaErDucWm+ithD9roY5yqzZrtyo3Ha2roQ17Ux9+MX0\/xnuTd0nzC0Vj6tszjxrWirct+Uul\/K5FzA99xBWspeLMq1wttZNJ4xbrBCbxk6tjL+jHDGpHqvjtPcikebbvMiskNVU6kzHiPHrLUSpf6SPf0je7BIpGmCtC+hS0jgjWc\/QjPxsWgryfdjPFkNrAkJlQ4bPFy\/x4VZehcQREoh0x+UmAURIx06V8HD3Z2br1bQirYKHzsYHXbkC\/E\/mpa4OYzm4PntFWoNzwK7g4U730gLK7RKaRCpQYmNrsDT7xeboz6bpcMHL5kUg3F3w2QdDKPi\/ANVovA5q+0podyClbyUMOdWVYiH7PLvXK1iulVY6BSfeiLxfXOdvIhhnXHfs8EEhFp2ryhhKxNexd\/grfep2AakyKkbxFLZHTRf1tw7fbfCsevHuPj0h4XpufkjIf8cHdrdz5sMqNrjUQl2OvoC6\/I0AHc9+OmUSqfzwrS1pp1uXDS80oW6aWfI374QPQ7HKCJrDibgW6TxgAPjMVFBAihwX4zEAGCIZSNhbTgV2emM9Bm4RUpAc50nIr7PxINEMahwPuuEwRfjIfz4TKloOcKPgmeMQFpjPG2pFVdM1PgfoEfkZKdj7X01Qbt\/ov7jBNagTypHjicedoKBX017rriZRZ\/FzsCk5K9Uq+W15J9HzcsHdDgUP1xJ\/Bxp346Nk8CxvFWbD8T2p79RM88NcuStRT6cKjeb6EGsDcnFsbE+XdkA8MLyXK4R9wPU3IOEamQWl7m3fK+C4ilnZDphTZMY4HgA\/K2H0q7QlASbjuCOImZFOM9VDKA82VUtGFiOfxU1\/Awc\/xOai1+0c8iDTN52qhz3nqPRWQBx3w1wWJBhkocuE+7oh35YmVpcPuVwxRMKXw4a+\/w3Imwv3lDYil7B1WssT1gB2Z\/SPSL1Usr708lKxvxMZF5pFKR7KA+YHqIwLDSJmoEhI06db2dqIDWloNCnIJPT3xBum+kUrYX7KXo5UfTOK6COCw\/dk5ZAS+7aAsy6Ouaesfvj0yMtgUbNJWLPWw1rDOJY0q7JSCB9er0lanzlcj+C6rEZdnVuD\/vBHBpoDwXxTRWcm08Yn5UzG8elJeS85Tw4w95yYFA5Qkn\/lmyC2IsgKTkpX6ILQPrruiTaIHVw8NmyYXh3NahxivcDUJIRY6O9QkWA68ijqGb30gn24KOCSzIGB\/TmeUtWuUNhauzFrQs+20r24\/uTdVGGLamtI6mD8FSXwuREzcSdrt5JMMt9AG2wJ1511PFi\/ZaHZTTnwr6Fmoyzwdq5RcR30UBThmqDyO\/G3G5Wf9V5yCAST07Kt2CMqX5BWopEdr6lp85lrlSim4x4A3sx4WKDToxq8y+iA\/N++ilnxKfrpXPo5\/Noyfxxr2bNh9qDGd4mjQb\/su+WzO8ueZL2nECtvTPSdBDH1SMWTyiyuu1MR3KztmpKPs\/kf7e7eiQSYqC+hX69chOZIB6guM6gOlifi42PUhBZS7TnQS+MDpewIWgXTW0KGEuz+z73UWesPcX8tpnAFka3ZCr61x4f5eTWuKES9bI4QMKQk7SekFRcq9wv7e5ImnhJwYJi8OQXnMnAvuWjmHHQoW2VTCU2LExc8eO6\/a2qXVdZ4yRmjEwNjWoMcE0s1qfQyyoacdboN7Wr+NOBkZgAWxviBIjmtK6AhNJwlHPnofGuk0XpEKpphdBys0D4bG1uRQSMMTLk1pdqdexjMvDN4x4fG+rX0um4YHyda17tyd7BNlXxi8GQM4SH2Tm\/x6hS4KRrd3RWZvmDV7kZcUqgXf8MC4hpsgbd64wjtXhc8rQNlZIyC9MbhJtX9tJsVbvjo\/MVLEDC5TJ7SD38rypeO4ThVtuqSbveD8v1ZxwN\/wLk76r4wxB+zx4cdfO8l35Iv7tqTtjbXBK33PpEklks7Nrg04\/yJl91jWPnpPnKh7QDtMysRx3D2R4fGN2QkWBHhqKacNwE+LIFq22vV1IHNzsnjl\/WtHeiM9AHBEfWxtm\/PsIwE1BCRyZOPn6dpTdRXV7yga6WlDOsoqcj8nmHc9H8VnXafSYpEZYFOqt926+MX6Xd6D2CXYqmb1o+SeGZaOmoOPfiQZfS6uCq71cRsXsPrPjev+PviRcwJmh7EAttvtioFMy5nJh5VHbcO3AsWyy6qHjHuYpUoBkX4FwZoIyE6FFbXo9w7iU1QCMPyYpHUOXHvw1xuQDG9ki8nbMZq560s4yutCtCRbCNgHGr4lMLsFhp7TXVc7XrzQBRRmowzHAjW4D2USCVlDk41wouF5QM+bic18CSUCxBrXENMrIT7bSEfO7oHqmELAb\/yD37fIqBgeHZCgyXEIlYpZFZFBR+lAQSR3qEuFwx6eSgYFu94kcmkqhHtrwcjROhgdCUrz6E1OnN96Mb3xeNluKr\/qrzZobFBoAMeAxY\/gLMtLIEScZSEaQ9l+pH5JUHyoxODk7doLAEsYWD5ssqbD0TrU3Ag9BPK\/h3E+nObL7Yt+d27V4m7J7Pxf4a2FoMBzAQD+3APzD6NZInTMduKzwK+Gfjbq+FCWwi6634RIe4ZKEUW5D5RjHxJGGXeASnrpEgLS9apg07DOG6U8qManuAILgaG\/5YzEAonEjFimw21UUCdwg57zGcD4ZNfMDqnrU1F69LlgHCN0OUOqySzwmw6cJ61F5k5jPnG92CeNuMdSGhj9bkZINuwWw3rMjP8EpgeeYA8G5Nlm4zeFADX02EOndFuKHWXSRVlMa6iK+KIOnY9k203RCALg+sHsOZqy9EtXVXOzYte+nIl9rzU+hU9f0+HomlLnkzCoBTzufFqFuB2i71qC70KYH1nx4iKN+u\/H44G+uiBAS+\/rBQZ9V6lwvPI4IQx1ZIVZFr5ckXaNcleEnHP5zz7YPxSkQ+eyo00hMCjS5mj0SB79liiY\/r0tzvqO60Jf651oXonimRocquBB9tETFOvOvIfP\/ykO02Eb97x\/NEgtlNXFXv4uJ+jyXmIADQJF68eOORmkkG0mohf6g7MtIW55k6VD9PfvbVuTASseytzt0gyLpI8y5nzSO92W94zGnCyZ9AIa74m22CBbfeoEigDb4DxqQP7GfcKqZ+Zob40JKVE3Fpcdrd5VTv26hTA\/9pqqh8cGAFsVVMNTNX96eVT3DirEbxIPKwOdgY8P+RKASXHH6ONudVIdjiD8Owv69fkZwWqsRy1B1Hazf4oaaAIaboEGIzhpuvt0xVBB0k8FWuWBpKllDiNnHJaav93iAT91cEJEGIpIi9gUKOzK09V9E38SS2OrpLdSdgyDygAQBz+A5dnquw68jrSuCkxZs254zQxChgFDGuNtLk700FL7iJS0vmo+M4IzuPO82QEXoeGk\/6jZwGJezMLHFJ+Hq35fGrKvPr\/+2gjbzX6sx7\/tI4BUPMEtl0wpQ9E+cznmgbxXp5v3Gobwky8gx6xiGxx6sboxsaIAqnvNTMFbD12C\/bmHfbF0XDJM10wkGSd2EUkQvwcRlk+iA2E2JiztXp2TpSZlPtkMqh8UkTgl+WbX+ihIwT7iYCWtMNPDTnFBdJHmLMCcKigZgTXEjTFfINzKgR44H4KtKMq7OuFfhy9uaxDkn\/NOz07GiTFFan2cwla7GALBKBCavzKqZUKppTrUvj0TFg5cSxjqQg3Yhbo03k60vLg0ZRZDkn0W+tp\/xog\/+Mz6w7fdAHJXX5SXjBXqrk9cs\/96j0m7uHzcYKTPfkrubFwZg2p309+mZbHm6SZ\/\/plW9qbh3Z+9\/FbgoXZi6u0ZCwOSkuIzO3\/b6hccjkpkbM+\/xSWnZ6f\/hfnRfaqFqw\/IWisy0tFHV4UYOUfw5dARN5ARRotcbc+xpaPacatlogmO7yBli4etyeaVSyF8FaHvgdLqQtpQRNwubXtNXESYgfy8zh3HQs\/wfZUa5gm4f8CbHAgRWgF5nUB1hapgOouaNHYR1LKWAy4LkpneG1gobfjIgeiAFTYdU\/GEtRUMSVC8vIHhZLSK\/9uQuMtk\/9NJmpwSiE4dWQwtYLAnVo7+yCQzt7SQ1PRbHI1m+IgvEz6YKsuxgCxK+dkRccI0F\/TS0zpDs3bBjUxSwE6Rnl0y\/nQOLpexcdFNSJ0yOFaQ\/g\/ONkt\/PuzX+hzM+7wcqClE42NRfvgYZ30xexEvU15TOgz\/g2xY+LWDyCkR0f7PBSCVXRicBTbQnDdVr4Q09ge6M6+56EPtCqdDETs4QgO\/jTfT4BRl8DjWnI\/xHTeu+HraMb1hzQXurSl05KjsedLR2q21ltWuFx+aFzgI94rILRhhJcB\/0Re2nglHvmRco2OlGaCVdySXCo4WubNh3poiBRtDmjmFGCblwFKhumQM6C0YnabjzUSaE35ad09TI4N3EvB\/O5MI0Xolim\/GIFYfSTvfYUXU+1aN0qOdSrD86n7\/M4O5LldKjiLbMoXt9OzWvPZAyJzx6bqaRoOjjuq6dFmLFOnePrZLptpE=","iv":"fb5072adf50fb2bc1eec4a7cfff92f5e","s":"d307aee3cf7d3121"}
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