Commerce
November 17, 2023
The personal luxury goods market is still growing in 2023, albeit at a much slower rate than the record figures that followed the pandemic. Image credit: Neiman Marcus
By Zach James
Global consulting firm Bain & Company is updating its forecasts for where the luxury landscape will land in the months to come.
{"ct":"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","iv":"b7310c3474fb72869678127c18b35730","s":"d9fcfe0f395ee5e7"}
Share your thoughts. Click here