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Hard luxury faces dangers, opportunities in times of crisis: Kering CEO

April 23, 2015

Kering-owned Boucheron's Reflet timepiece Kering-owned Boucheron's Reflet timepiece

 

By Jen King

FLORENCE, Italy - Hard luxury goods comprise 22 percent of the global market share of luxury and are growing at a faster pace than other sectors, according to the CEO of Kering’s luxury watches and jewelry division.

Although a strong sector in the luxury market, hard luxury, consisting of jewelry and watches, has faced recent hurdles that other sectors have not seen. During the “Hard Luxury or Soft Luxury” session at Conde Nast International Luxury Conference April 22, Kering’s Albert Bensoussan spoke of the major challenges currently affecting the hard luxury sector and how these issues can led to opportunities.

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