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":"90171b9fe258b5d60e8a4da4c66f2797","s":"7bc317145e8f5844"}
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