Amidst ‘subdued’ growth, true luxury buoyed by UHNWI in 2023: report

Published: April 11, 2023

Consulting firm Luxury Institute’s latest White Paper report indicates that ultra-high-net-worth individuals — who make up only 20 percent of the customer base, yet are responsible for 70 percent of high-end sales — are expected to remain largely immune to the financial crises ahead.

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