Commerce
June 27, 2023
Experts offer insight as to whether corrections are here to stay or simply temporary, with future rebounds to come. Image courtesy of Valentino
By Amirah Keaton
The personal luxury goods market is projected to grow by 5 to 12 percent in 2023, according to global consulting firm Bain & Company's latest study.
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","iv":"c965161624038372edb1768810c030a8","s":"bc5fc6bf1e4e287e"}
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