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":"4522cd0e47e965a31d32b6ec9902e035","s":"91e5d24d445e90f3"}
Share your thoughts. Click here