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.
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","iv":"431d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