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":"6efefd87589ca68f41189e707caa80dc","s":"4a39c7809d203756"}
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