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News briefs

Africa, BMW, Britain and hotels – News briefs

May 13, 2015

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Today in luxury marketing:

Untapped Africa growth potential attracts luxury goods
Rising 5.6 percent a year, Africa’s luxury retail sales may reach $5.2 billion by 2019. This is the second-fastest growth rate globally, Euromonitor estimates, trailing only the Middle East. About 40 percent of Bloomberg Intelligence luxury peers have directly-operated stores in Africa, per Bloomberg.

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