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Luxury. Tell that to the kids of today...

Luxury. Tell that to the kids of today...

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Old Jun 27th 2011, 2:37 pm
  #1  
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Default Luxury. Tell that to the kids of today...

...and they won't believe you.

Although they'll do well to believe this:

There are now around 500,000 millionaires in [China] and the Chinese buy 12% of all luxury goods in the world, according to Barclays Capital. By 2020 it's predicted to be the world's largest luxury goods market and account for 44% of all sales. By then the Chinese will be buying more luxury products than the entire world is now.

Blimey.

And just as an aside (from the article):

In 1363 The Act of Apparell was introduced by Parliament. It specified what every class of citizen could wear and even what food they could eat.

Someone like to comment on that?

http://www.bbc.co.uk/news/magazine-13875014
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Old Jun 27th 2011, 3:09 pm
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Default Re: Luxury. Tell that to the kids of today...

Yeah.

Based on population growth rates in 1900, Australia was projected to have 300 million people by 2000.

Didn't quite work out as 'projected'.

Originally Posted by Bahtatboy
...and they won't believe you.

Although they'll do well to believe this:

There are now around 500,000 millionaires in [China] and the Chinese buy 12% of all luxury goods in the world, according to Barclays Capital. By 2020 it's predicted to be the world's largest luxury goods market and account for 44% of all sales. By then the Chinese will be buying more luxury products than the entire world is now.

Blimey.

And just as an aside (from the article):

In 1363 The Act of Apparell was introduced by Parliament. It specified what every class of citizen could wear and even what food they could eat.

Someone like to comment on that?

http://www.bbc.co.uk/news/magazine-13875014
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