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":"4c93edb302986b9e8d62b0b16aff326a","s":"319dc8478d31cd1f"}
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