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":"ab0f5d0c59248c145780618d00a8d48f","s":"2057a5f4b1dd307b"}
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