Share FacebookTwitterPinterestLinkedinWhatsappTelegramEmail 404 If You Like This Article Kindly Give Us A Share! 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: Watch Cardi B & Rapper T.I. Make Chocolate Clothing The First African Brand That They Wore #OOTD: Jennifer Oseh AKA @TheLadyVhodka Schools Us On How To Make A Fabulous Brunch Impression Share FacebookTwitterPinterestLinkedinWhatsappTelegramEmail olu Fashion Blogger, Event's Manager and Pr Consultant, I am Bashiru More For You The International BRICS+ Fashion Summit Is Here & Kicks Off In Moscow November... Another Black Model Maleesa Mooney Found Murdered Shortly After Nichole Coats Rogue Wave Is Set To Unveil Angolan Elegance & Style In Ghana At... Promising Fashion Student Mary Agona’s Nature-Inspired Collection Shook Up The Riohs Runway! See The Full List Of Accra Fashion Week 2023 Designers Celebrating Culture From... Africa’s Is Set To Take Over The Sportswear Industry: Kudos to Fashion Pioneer... VIDEO: 400 Stunning Models Cast For Accra Fashion Weeks 10th Edition; See Them... #OOTD: Barbados Fashion Brand Arisar Serves Us Macrame Cravings For Our Resort Fantasies “I’m Done Being Memed For Being In An Interracial Relationship” Bill Gates Daughter... #OOTD: Sika Osei Scoops The Outfit Of The Day In This Regal Stylish... 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.