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":"456d0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