nd<\/sup> largest economy in SSA, South Africa, boasts of 39 international brands: Disney, McDonalds, Apple etc.<\/p>\nAs the Nigerian market opens up, and the ease of doing business initiatives take off, we expect these brands to develop aggressive entry strategies into the market.<\/p>\n
In the luxury goods segment, LVMH, Gucci & Burberry are all in South Africa, but not yet in Nigeria. The 115% difference in the income per capita (Nigeria: $2,640.29, SA: $5,691.69) may be primarily responsible for this.<\/p>\n
This edition of the Unity Bank Digest is all about luxury. Check out the pieces on the uptick in Burberry\u2019s sale and the (Italian) Florence based shoemaker turned family-owned luxury giant, Salvatore Ferragamo.<\/p>\n
Additionally, the attached document contains your usual dose of the latest developments in the business and social space. These include the future of Nigeria\u2019s oil production and the fate of Etisalat.<\/p>\n
It promises to be a good read.<\/p>\n
Enjoy your read![\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"
[vc_row][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Of the 50 leading global brands, 14 are already in the Nigerian market, notably, Nike, Microsoft, BMW and Coca-cola. The…<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"_links":{"self":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26072"}],"collection":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/comments?post=26072"}],"version-history":[{"count":1,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26072\/revisions"}],"predecessor-version":[{"id":26073,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/posts\/26072\/revisions\/26073"}],"wp:attachment":[{"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/media?parent=26072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/categories?post=26072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fdcng.com\/wp-json\/wp\/v2\/tags?post=26072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}