Share FacebookTwitterPinterestLinkedinWhatsappTelegramEmail 416 Luxury labels from the African continent are expanding rapidly and some hope they will become the next generation of global household names. The global luxury goods industry is worth more than $1.5bn (£1bn), according to research by global business consulting firm, Bain & Company. This market is expected to grow by up to 5% annually over the next three years. The new wave of brands targeted at big spenders could mean brands from Africa might start competing with some of the best known labels in the world. That said, a look at the top luxury goods companies shows European countries and the United States still dominate the industry. The question is, how soon until we start seeing African brands take a place alongside the leading luxury powerhouses? More Articles You Would Love The Details In ‘Onyx By Valentina’s’ Latest Collection Is Jaw Dropping Majestic; See The Iconic Oriental Collection These Amazing Muslim Bridal Styles Will Make You Change Your Religion Share FacebookTwitterPinterestLinkedinWhatsappTelegramEmail olu Fashion Blogger, Event's Manager and Pr Consultant, I am Bashiru More For You VIDEO: Jamaican Queen Who Washed Wode Maya’s Feet With Her Locks Gets Surprised... #fGSTYLE: Unleashing the Power of African Prints for Girls’ Night Out! Ghanaian Highlife Star Akwaboah’s Is Off The Market, See His Engagement Photos Inside! Looking For Trendy Kufis and Durags; Search No Further Senegal’s Amaja Is Here #BIKINIBAE: Motherhood Never Looked So Haute; Check Out These Jaw-Dropping Swimwear Looks By... #OOTD: Miss Universe Cameroon’23 Princesse Issie Takes Moan Yesus Amazing ‘ASSIMBA’ Dress For... The 2024 Trending Take Over, The Rich History, The Prideful Culture Of Fulani... Mozambican Designer Mabenna Unveils Her Latest Masterpiece Look Book For The “Melanin” Collection #fGBrideAndGroom: Ghanaian Doctors Dr. Adwoa and Dr. Kobbie Tie The Knot In Stunning... AI Artist Dana K. Booker Explores The Gorgeous African Beauties Of Columbia In... Leave a Comment Cancel ReplyYou must be logged in to post a comment. This site uses Akismet to reduce spam. Learn how your comment data is processed.