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.
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","iv":"18b8e37b781af6ea0896dc2e3af66eb9","s":"45e9aa5eec741672"}
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