Luxury spending on uneven footing for the coming year

Next year is shaping up to be mixed, at best, for luxury goods. Continuing economic woes in the Eurozone, a flagging Japanese economy, and slow recovery in the U.S. will likely lead to modest spending on luxury brands in those regions. Meanwhile in China, which has been a booming luxury market, the situation is more complex. New leaders of the Chinese government there are said to be sensitive to the conspicuous excesses of the past regime.