Research
February 3, 2014
By Sarah Jones
Luxury consumption will grow organically over the next 10 years with overall spending growing from approximately $985.5 billion today to almost $1.2 trillion in 2020, according to a new report.
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","iv":"96fc912815c3e1d2a2835d0f5966e275","s":"b2d634b24a7a9cc8"}
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