The luxury market in the New Year is expected to grow 4 per cent to 1.3 trillion euros, while many of the layers in this market may go digital, forecasts Team AOI. In the longer term, one out of two personal luxury goods are expected to be purchased by individuals of Asian origin, according to a report by global consultancy firm, Bain and Company. Meanwhile, Industree Foundation, Bangalore is aggressively working to build sustainable livelihoods by manufacturing textile products. Also VF Corporation – one of the world’s largest apparel, footwear and accessories companies, has come up with their latest sustainability & responsibility report for using sustainable materials.
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