Commerce
November 17, 2023
The personal luxury goods market is still growing in 2023, albeit at a much slower rate than the record figures that followed the pandemic. Image credit: Neiman Marcus
By Zach James
Global consulting firm Bain & Company is updating its forecasts for where the luxury landscape will land in the months to come.
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",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