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":"0533711064e81234aff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