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Nov. 24, 2024
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Retail

Only 40pc of luxury goods are purchased by “true luxury” consumers: BCG

January 18, 2018

Affluent consumers commonly trade up and trade down their purchases. Image source Rolls-Royce

 

By Danny Parisi

NEW YORK – Many of the problems that caused luxury growth to stagnate over the last few years are challenges largely created by the business itself instead of outside forces, according to research from Boston Consulting Group.

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  1. Luxury Unfiltered: Hermès and Patek Philippe prove trust is the true luxury
  2. Baccarat pulls incoming CEO from Printemps
  3. ‘Hermès in the Making’ pop-up continues world tour in Zurich
  4. Lexus logs 25 years of 'December to Remember'
  5. Off the Cuff: A Q&A with Steinway & Sons' Ben Steiner
  6. The Ritz Carlton, Missoni launch beach club in Bali
  7. Audemars Piguet unveils collaboration with artist Kaws
  8. Luxury Unfiltered: Burberry is on the brink of self-destruction as it taps a new CEO
  9. Zendaya, Valentino journey through a pink unknown in latest campaign
  10. Luxury Unfiltered: The true cost of cutting luxury prices
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