Research
October 30, 2015
Image courtesy of Michael Kors
By Forrest Cardamenis
Through growth in some major markets and contraction in others, global luxury goods surpassed $1 trillion in retail sales value for 2015, according to a new report by Bain & Co.
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","iv":"7e613dbc376badad6357145b50504e70","s":"eddb783ef05e3248"}
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