Commerce
June 27, 2023
Experts offer insight as to whether corrections are here to stay or simply temporary, with future rebounds to come. Image courtesy of Valentino
By Amirah Keaton
The personal luxury goods market is projected to grow by 5 to 12 percent in 2023, according to global consulting firm Bain & Company's latest study.
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","iv":"549bee7ee7d5164a7f6bf7cdfb3289e8","s":"a2c4312583fd8edb"}
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