Retail
November 16, 2018
Younger affluents and Chinese consumers are driving luxury business growth. Image credit: Vipshop
By Sarah Ramirez
In 2018 the overall luxury business grew 5 percent to $1.4 trillion, primarily propelled by rising demand from affluents in mainland China.
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","iv":"410389894efb01c2fb6e218b4f9596f8","s":"ee41695e331bae1d"}
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