Altagamma Archive

Luxury Goods Market Hampered by Terror Threats, US Election

MILAN, Italy — 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, holding luxury purchases flat in 2016, according to a study released Thursday. Spending on luxury apparel, accessories and other personal items is expected to hold steady at 249 billion euros ($273 million) this year, a study by Bain Consultancy for …