Retail
November 16, 2018
Younger affluents and Chinese consumers are driving luxury business growth. Image credit: Vipshop
By Sarah Ramirez
In 2018 the overall luxury business grew 5 percent to $1.4 trillion, primarily propelled by rising demand from affluents in mainland China.
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","iv":"0245623bedf14a2144489ecdd95e20eb","s":"cbf2613e4ea6aef4"}
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