Research
May 22, 2015
Steinway and Sons in the Integral House
By Joe McCarthy
Currency fluctuations drove uneven growth in the luxury market in the first quarter of 2015, according to a new report by Bain and Fondazione Altagamma.
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","iv":"2ccc034446f3fb0a7715d3394d5add44","s":"15888badb35745d9"}
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