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":"1a81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