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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