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":"bc1f0a6e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