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":"0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