Research
October 30, 2015
Image courtesy of Michael Kors
By Forrest Cardamenis
Through growth in some major markets and contraction in others, global luxury goods surpassed $1 trillion in retail sales value for 2015, according to a new report by Bain & Co.
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","iv":"2e968de1e47b3228da2988caaf6816ec","s":"07150934ba8371d2"}
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