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":"84b94f6d09342aed09ecc6e11bd480ce","s":"1a659438a4c930e8"}
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