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":"f628be0480e503fe14b3c30d16713a4f","s":"d62d4566f7f5817c"}
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