German luxury sector to double by 2020

Published: 11-Jun-2012

Market for premium products remains strong in the country


The luxury products sector within the German economy is expected to double its value between now and 2020, according to a report from the Roland Berger consultancy. The sector, which includes cosmetics, achieved total sales of €49bn in 2011 with €19bn coming from the consumption of both German and foreign brands on the domestic market.
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