The tragedy’s effects are rippling across the industry, from front rows to travel retail.
The terror threat in Europe, a strong dollar and uncertainty over the US presidential elections have eroded the confidence of the globe's big-spenders.
Global sales of personal luxury goods will rise this year but only moderately, with higher spending in Japan and Europe compensating for flat trends in Asia and the United States, an industry report showed on Tuesday.
MILAN, Italy — Sales of luxury goods are expected to grow more slowly in 2014 compared with last year as weakness in China, Russia and Europe
"Luxury goods consumers around the world will spend 880 billion euros ($1.2 trillion) on personal items and experiences like holidays a year in 2020,