France: World leader in luxury goods
According to a survey by Bain & Company, a global management consulting firm, growth in the world luxury sector increased by about 10% in 2012. French companies, which account for a quarter of worldwide turnover, are the most dynamic in the sector.
The luxury goods sector is posting unprecedented economic dynamism with a worldwide turnover of around €210 billion in 2012, a quarter of which was generated by the French luxury goods industries. A comparative survey by the Paris-Ile-de-France Chamber of Commerce and Industry shows that, out of 270 prestige brands, 130 are French.