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":"34fbbfcb8d8dd1c4faa65ed8ebe12186","s":"7c3b836fc37e19c4"}
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