• US$4bn is the value of sales of luxury goods in Africa in 2015.• $279.5bn is what the global luxury goods industry was worth last year.• 80% of Africa’s luxury mono-brand stores are in Morocco and SA.• 50 is the number of directly operated single-brand luxury stores in Africa. LVMH (owner of Louis Vuitton) and Richemont (Cartier, Van Cleef & Arpels and Montblanc) account for a combined 60%.• 29% is how much Nigeria’s n aira depreciated against the US dollar in 2015. This decreased discretionary spending on luxury goods.• $5.5bn is what L’Oréal estimates Africa’s beauty market is worth.• 254,000 is the estimated number of African millionaires by 2025, according to global real estate firm Knight Frank.• 3.6% is the annual GDP growth forecast in sub-Saharan Africa until at least 2018. This will encourage luxury goods companies to be present.• 3.6% of South Africans have an annual disposable income above R790,000.• $327bn is what global luxury goods sales may reach by 2020, according ...
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