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":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