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Women, Asia Pacific will lead luxury apparel market to $60.7B value by 2024

Image from Prada's fall/winter 2016 women's wear campaign Image from Prada's fall/winter 2016 women's wear campaign

 

The luxury apparel market is forecasted to be worth $60.7 billion by the end of 2024, up from $1.8 billion in 2015, according to a report by Transparency Market Research.