Consumer

Andrea Felsted is a Bloomberg Gadfly columnist covering the consumer and retail industries. She previously worked at the Financial Times.

After a decade of stellar growth, the global luxury goods market is losing its luster. Demand for everything from Swiss watches to designer handbags has cooled. Luxury goods groups can't count on the wave of Chinese demand that has sustained them up until now. They need to find new strategies for growth. That includes having the right products at appealing prices, attracting local as well as tourist shoppers and constantly innovating so that their brands stay fresh. Click the video below for more.

The End of the High Life

 

This column does not necessarily reflect the opinion of Bloomberg LP and its owners.

To contact the author of this story:
Andrea Felsted in London at afelsted@bloomberg.net

To contact the editor responsible for this story:
Edward Evans at eevans3@bloomberg.net