French research agency Eurostaf has recently released a report stating that the global luxury goods industry had registered negative growth in 2009.
According to the agency, the luxury goods industry enjoyed 7.5% annual growth between 2003 and 2007, but that, by 2008, this had dropped to 0.3%.
Companies specialising in high-end leathergoods, including Louis Vuitton, Gucci, Hermès, were likely to have suffered relatively little in comparison to brands specialising in watches and jewellery.
