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":"a968652e6235a5e6a220d3400224ac80","s":"bfc95f040768d444"}
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