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":"be3ec8616f0518b186aa214225c2c625","s":"6e751ae30aef27a2"}
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