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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xeFJ1qy+WBEdueSsodHVsZhoN6gKs4HIPcgsVHw9FVOFfldOMLI8Q6Pzuw5xnVdYUmhZ2IX4gEdKurg7WxwGBdqd9S31ovclL1PGQUfGSpR6cdZS8Nv0+n+7fghVx4CbzNHblHrQhLOiFgFYWFqOxuNRFCVAHGvYFiIpnMTJ\/YGCupfwZthe0ll9ZNwuIZKzqROMZ9ZcB0SWYlFecjc+52Qe\/3kTWGG7azSxBLxx13xU2Pq21xn+Eb0p2O4MhWuuQs2gcU1sMNSNeouwePIB+W35MCKCLR2IJjo0dkHVaGxVwI3cKKCBRHySeyQR10ummM+9k30Ri+SUc4fDs9DJQHSd41kwVnSQvCnwN5EbAmQ\/nneKiyZYTf3\/x+oEp9hl0SgXuE7GtlkzTns+RuOBiJQ\/TyP9t4ZugG3TlfxeLBvZm4EsBG+\/OK+xqkNaRcbkVnIuifC9v10S\/b0Ey5HWhgKqL3sy1mDZj+1dGu9cZkq8H050GYJzsEy8MNJDBK9v2ybiCZjb6wmeIFxfoMB1qS1X7+janJEHQJAPDIW\/CbhftjfuZ7WHSHEZnQevgAQm7bLlAI+X55HojCDp3J8qJ6GuqZDsvjAwhQ6w9fWGB4ZZzaFhMGbgPIigOv2T4N+FTC2TZrpwUTNbvkSQPokWWyV2p90pE8XZ5NuvpQEiawcKviDrJkTGVQcMZxQUqbJuc+QpzozCfLX0WaRhYtbX1iYwIS8vRGWfJJjDsVF3iB7nJALlLzkdx4cKCxwxqTLkYNSt8Ozi9v2DgiTNWNvGdI5\/gzmbePOLtfQu\/MQ1yXkCWyeugTZIiREgAm0b7l9iCzOtHOfwg+7ONWD1I9LjkgJUmp+xyCJ5BxyW2yCv86TDCaM06+LKffrYyrkQpxLk\/0Y5hzl67t2oENlt8NMQ7KW1oUl+aCsRS95r3J9n\/eT6EG05ms+F+egxZz4MDu8g4b2y5w35Lx\/lD8bJxixoIRe9Vybm23VRczsw+bFie+\/D\/sK8JeN2FKR78NWHEP32LFssGK4hOooiHlrkhz16k5n5rdUcxcwHvRkSnN8Fe3Du+2GMUbpCjpc7WAr212w1uWRKisQPjDRPe+nEhB1Cd+ld\/R64YeKo8OCDLQXGorS8ckydh3NEErbtAW\/Yco34KdOEo5\/r6IaeEOEjkHm1dEgjzYrnaddyrrPcY9vWA4OkcfE7pcD5aVcYWW6Bhzw8mIW\/44s3WO8oyl1Tb2u87pNxjJPqZCC1t4c8MtsSBi7l2pUdUSWswfKX0wvE5dIwobj3wKtMBiJpjlw+bHaZUD7VrMDv9ZLNEmjdkWW8LNMyPrcvCicdwmnWCRphyJzMYLUyCdpmxm5tkC11Izj9i9noDmWainCA7O4PG27AIL7fd6mfK4baXolN3E51Ct\/on7TKJEuO8w4RtqROrn7JkBZ\/a5hNy0ktdhweOFENJlcUNlSAykYB2VCMCiZFJaqWtx9bsmIxfD7q1u2LTJmsfD8VStiufzQBdWeM537ESx0CC7JlAuMChX2fQv1sKd9\/YPmkDg1BbEFa5VsxEyXUseaabRwp3h9o2kg82Dc4vMI20aIXzVCyPcmVZOEcAhiVXD2S03db2LTht8TrK3N+4LILNz1Clf6tF81n3h0G62PwSHldVMFBqACEiBP19c6oRVgKMX9ID+WhKxZhm9ZVlt0gIS9l321U03fPSrv\/zA\/qXAj\/cdIxcEM4096SSgC3aPGNcB2JX7JYsOI3QCPZWl1pYKOct+Dp0HBuaKXKiVm\/NT4Qw7Olv8kjaysfXHMHYEqUCeEugLCGNJDdrEevHPiuD1vjjq7JuZi4bp7KDaB086Ahtn9mwNbN6YNLHH+rPZ+te+\/YkmkRp9K4\/2nbO2Fyzko30RBY1fj46cHVLWfr2unWxvFRY4T4MtMH9m2JjK7mbf\/6h7t7OXnyfhWEYdA3oM7odBeoaLeW9vbVrVGawMtHdzc1GpBk6Fo4klPYTd1N9CwpgkM45ibHZKj5lnXqw28c0A14ABTIcrp7FKmNa6rwQ1zCD\/DyxoALA2qxPcq4Ge+qJuhSNRQ2GDOAU7VixQmGkjKfpmpBkZpp+ZejKMgsbNKZ3bLM6C\/GKZfyAomhkpqofReDRdBudRVRpIyw292fGmD4z5Gzf8V2wDMI98ObBsjuJN7SnSOlyi2PZUo4uNYVBptQKGUvUiNdRXPkx8hiXLl6wol46x3cK9xGzinqQCBvlHHeixGbNx0rcfiH4X6CMIRsha81d9sxcHCWFU4J6jPvCqm2dlv2EpOjbgxtyqC+IChotiLIcEIYCSrrb+Vd+dQRm3SgVaNCNVQhbqoDnGueN8a53cecCJWvAigDwfGLPmHi9qDrCnK43kcv0ccrl4h\/zapCxixikyepj6O7+GukcOJBPXPx8pjTmbLxNwFv3pftMd3hmYsfbirBoSheB8eO86JFsG3rgUibKcV+VqTMQ\/sIUiQq7UARavVvRg7tIA9FL4gH1C2VsQpH2t+S84kEtR\/fh\/r+bXGN515T809lsDJeg4igqQ767Ty4xUsyc3A0Lt82vkMKWxfi5FwHPPmGCF0rvd0oQ21B6FxMiEYQr2+kb26JSwDtezP4rvAV\/ZgtHOEOz7Ap7F3n5Gc24iqsPH7l8vwgS5uBKYPyUZw352Dl1sLZ6HL\/lubthJ4ojhBYptm7pBwauPl2YB9+DGzAAYjjO5n1u0iK15NGfB34t3lgxpHu7B+n0Xq62wxBpBvgYY7laM4nT3wSGz5p8wnvv\/uYdUxY0w\/8iAf8Ms1l2k8bD1uUCED\/pPZ3MIXQtVSq8LHpYQmNY64qakWTSJ06ANQ8pJ2Zmo3y0lXOpJc0zyozB4ptxuH7wT8HKAPPPFyP2P4CRDQJg\/iNwTpD8COETqPgJ+qepPQX7FkkQ0+2P31s6xnrNwM2kDeMNb+ayNFzNV4cSXEmo1CjjaPMayDu4SRgYmRnj43Uu4KXp3tZ2VwcAqCQFt+RF03208mcQXtA3dzwWfAU0TxHltWVxdS+fp1G4vZNejwGOGMT3UDw7qtIhBQDZTqagh7PcI458rwTwjHPo86ydNJnwKp4np\/IY2c6Bu5540MoaDKrcSwkX85CurEvg+Iy17jszJdlAZ50+mfr+ajrTn7EaPIOr78gVj56QNLBRdjso5kS0Q==","iv":"61a1e0f6869686bc36bc57afec2c7840","s":"3cc68b2332310214"}
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