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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","iv":"7e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