Retail
November 16, 2018
Younger affluents and Chinese consumers are driving luxury business growth. Image credit: Vipshop
By Sarah Ramirez
In 2018 the overall luxury business grew 5 percent to $1.4 trillion, primarily propelled by rising demand from affluents in mainland China.
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","iv":"18e5278b7692b21feb9d0e5b04053687","s":"5bb907bb991acbed"}
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