Retail
November 16, 2018
Younger affluents and Chinese consumers are driving luxury business growth. Image credit: Vipshop
By Sarah Ramirez
In 2018 the overall luxury business grew 5 percent to $1.4 trillion, primarily propelled by rising demand from affluents in mainland China.
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","iv":"4c8d557c3d1a8a7b44e90cc901304bd5","s":"58bb001a3caf15bf"}
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