Bain & Company’s 2014 annual global luxury study includes Middle East in Top Ten List of Global Luxury Markets. ‘Slower but steady’ is the ‘new normal’ for the global luxury market in 2014 – and potentially beyond, which is acclimating to lower, but more sustainable long-term growth. Across all personal luxury categories, the retail channel is growing, weighting approximately 30 percent of the market. The market is expected to continue to grow fast driven by a large number of mall openings throughout the GCC region the coming five years.
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