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":"0ffffb63ace4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