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":"793e55aeb5416b9a2c7826ae5e0b9c3c","s":"a2207dbb9f264256"}
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