Worldwide luxury industry between -5 and 0,1 %

Luxury division for Eurostaf (Groupe Les Echos) estimates an evolution between –5 and 0,15 for the global luxury industry for 2009.
Drops are comparable to those of 2003 when drops of up to 8% were recorded. The profitability of some emerging markets won’t be able to compensate for the mature markets drops.