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":"7da2d131a1e57227caa1d8545f58a5b4","s":"7d58178779a0ece8"}
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