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 VIDEO: Lupita Stuns In A Fabulous African Print Outfit By Ghanaian Fashion Brand ‘Klor Tsoo Okai’ Nigeria’s Chidinma Obairi Presents The Look Book For Its Resort 2017 Collection Share FacebookTwitterPinterestLinkedinWhatsappTelegramEmail olu Fashion Blogger, Event's Manager and Pr Consultant, I am Bashiru More For You #MUSICVIDS: Davido And Fave Deliver An Electrifying Duet In New Afrobeat Hit Song... Explre The Beauty Of Lila Bare’s URITHI Campaign; A Timeless Tale of Heritage... PICS: Incase You missed Out On Anok Yai’s Shine At Met Gala After... “Rogue Clothing Company: Redefining Luxury With The ‘Theory Of Elegance’ AW 2024 Collection Stunning Trinidadian Beauty, Nikitha Cornwall Radiates in Sultry Ruched Swimwear “Imagine If She Came Wearing AFRICAN Print” South Africans Chastise Tyla For Not... PICS: Anok Yai Gets All Crystalled Up For MET Gala Red Carpet In... PICS: “Is She A Man?” Fans Question Aya Nakamura’s Gender After Her Boob... PICS: Adut Akech Brought Sanity To The MET Gala 2024 In Her White... #OOTD: Miss World Côte d’Ivoire 2023, Mylene Djihony Stuns in Or’Noir Crochet Design 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.