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":"606585a4f1f47de825fef5fcc71c7fe0","s":"af4d0a7f5dcfaa58"}
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