In a new series, Market GPS, BoF looks beyond the BRICs to the next tier of emerging market opportunities. First up, we examine Africa’s giant, Nigeria.
Faster, higher, stronger: luxury pricing goes for gold (Reuters) “Analysts say prices in the luxury industry have surged from 2001 to 2011 and will keep rising faster than broader prices. Thomas Mesmin at Cheuvreux estimates that prices for fashion and leather goods rose 62 percent in that period, while watches and jewelry have risen 78 percent. Euro zone inflation has totaled just 26 percent over the 11 years.” Luxury
PPR Results Beat Expectations (WSJ) “French luxury-to-retail company PPR SA said first-half net profit fell 76% from a year earlier, when a gain from an asset sale boosted results, but revenue declined less than expected.” River Island’s record year (Retail Week) “Young-fashion powerhouse River Island has defied the market to deliver record sales and profits for the year to the end of December.” Giving