Research
May 22, 2015
Steinway and Sons in the Integral House
By Joe McCarthy
Currency fluctuations drove uneven growth in the luxury market in the first quarter of 2015, according to a new report by Bain and Fondazione Altagamma.
{"ct":"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","iv":"beaa04bb6945b2f841e77ca688ba4118","s":"c3556c5b0eb928e5"}
Share your thoughts. Click here