Latest Innovation Knocking-in Luxuries Industry In economics, a luxury good (or luxury good) is a good whose demand increases more than proportionally as income increases, so that expenditures on the good become a larger proportion of total expenditure. Luxury goods contrast with basic necessities, where demand increases proportionally less than income. Luxury items are often used synonymously with superior items. Get Sample PDF Some of the key players of Luxuries Industry : LVMH, Ralph Lauren, Estee Lauder, Luxottica, Kering, Richemont, Ralph Lauren, L’Oreal, PVH, Swatch Group, Tapestry, Shiseido Group, Tiffany, Chow Tai Fook Jewellery Group, Lao Feng Xiang, Rolex, Prada Group, Michael Kors Holdings, Hermes, Burberry Group, Puig, Titan, Coty, Armani, Christian Dior, Hugo Boss, Onward Holdings, Fossil Group, Pandora, Swarovski Group The word "luxury" originated from the Latin word luxus, which means indulgence of the senses, regardless of cost. A luxury good can be identified...
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