Commerce
November 17, 2023
The personal luxury goods market is still growing in 2023, albeit at a much slower rate than the record figures that followed the pandemic. Image credit: Neiman Marcus
By Zach James
Global consulting firm Bain & Company is updating its forecasts for where the luxury landscape will land in the months to come.
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","iv":"ca8a8872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