22.05.2019
Kurumsal Yayınlar
Luxury market performance in global economic downturns: is this time different?
![Luxury market performance in global economic downturns: is this time different? Luxury market performance in global economic downturns: is this time different?](/var/cofaweb/storage/images/tur-tr/haberler-yayinlar/yayinlar/luxury-market-performance-in-global-economic-downturns-is-this-time-different/2855522-3-tur-TR/Luxury-market-performance-in-global-economic-downturns-is-this-time-different_image280x141.png)
The luxury market is unique, mainly due to the fact that its products are consumed for social distinction. This has helped companies in the segment to outperform other sector-segments over the past years.
Nevertheless, the luxury market is facing important challenges, notably regarding counterfeit products, a risk for companies, and e-commerce, which is disrupting how business is conducted. In addition, the market is not immune to challenging economic conditions.