Share FacebookTwitterPinterestLinkedinWhatsappTelegramEmail 413 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 “If These People Were Black They Would Have Been All Shot Dead” – See Kevin Hart’s Striking Capitol Hill Rant Andrea Iyamah Presents Her S/S 2016 Swimwear Collection ‘Finding Water’ Share FacebookTwitterPinterestLinkedinWhatsappTelegramEmail olu Fashion Blogger, Event's Manager and Pr Consultant, I am Bashiru More For You PICS: Kanye West’s Wife Censori Turns Heads As She Steps Out In Public... #MODELCRUSH: From The Smiling Coast To The West, Meet The Adorable Gambian Dark-Skinned... #HOTSHOTS: “I’M AFRICAN, OF COURSE I KIPETAKA!” Editorial Shoot Paying Homage To The... #HOTSHOTS: Sholtz Ruberto’s ‘Desert Storm’ Look: A Magnificent Editorial Depiction for A Lady... VIDEO: Award Winning Designer Abigail Boison Of Style By Magbrien To Represent Ghana... VIDEO: KIPETAKE – The Official Name For The Spiral Braids Trend Originating From... VIDEO: Office Of Diaspora Affairs Spend Ghanaian Tax Dollars To Give Kai Cenat... CULTURE SHOCK ISSUE Unveiled: Redefining the Narrative Of African Style With Groundbreaking Editorials VIDEO: Burna Boy’s Fashion Stylist Tries To Stop Him From Throwing His Expensive... #OOTD: Tanzania’s Nandy’s Mesmerizing Elegance Is Undoubtedly Red-Carpet Symphony in Black 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.