At a recent conference in Italy, Bain & Company predicted global revenues for the luxury goods sector will rise 4% this year compared with last year’s figures.

The company believes revenues will reach EUR158 million in 2010 compared with EUR153 million in 2009. The results were taken from its ‘Luxury Goods Worldwide Market Study’ and were presented at a conference hosted by Italian luxury goods association Fondazione Altagamma.

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