Commerce
November 17, 2023
The personal luxury goods market is still growing in 2023, albeit at a much slower rate than the record figures that followed the pandemic. Image credit: Neiman Marcus
By Zach James
Global consulting firm Bain & Company is updating its forecasts for where the luxury landscape will land in the months to come.
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"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