Apparel and accessories
January 21, 2025
Macroeconomic pressures are expected to continue weighing on the personal luxury goods sector, according to the new report. Image credit: Fashionphile
By Amirah Keaton
The global luxury industry is facing a challenging environment as growth decelerates, per insights from global consulting firm McKinsey & Company.
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","iv":"0b6cc35ac91499da3109e9fcf4f7f32e","s":"7c80f0ae9d1ed0b5"}
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