Polo Luxury Group (PLG) News

The private jet route from Lagos to London was the eighth-fastest growing in 2013, according to NetJets. Photographer: Paul Taggart/Bloomberg

Africa will be second-fastest growing region for luxury goods through 2019

Rising 5.6% a year, Africa’s luxury retail sales may reach $5.2 billion by 2019. This is the second-fastest growth rate globally, Euromonitor estimates, trailing only the Middle East.

William Lauder, CEO, Estee Lauder Companies

Luxury heavyweights eye Africa's newly affluent

Sub-Saharan Africa was dismissed for decades by the luxury industry, and has attracted the attention of international heavyweights only in the past two years.

Ifeoluwa Florence Otedola, Tourism Ambassador, Fascinating Nigeria

Fascinating Nigeria Tourism Ambassador, Ifeoluwa Florence Otedola, at the Financial Times (FT) Business of Luxury Summit 2014 in Mexico City (Video)

At the most recent FT Business of Luxury Summit held in Mexico City on 11-13 May 2014, the “Next 15″ emerging markets were showcased as the next wave of growth opportunities for luxury products and services.