Slowdown in luxury goods market
02/11/2015
Falling consumer demand in China and lack of spending in Russia has meant the growth in the luxury goods market has slowed to 1% to 2% this year from 3% last year, according to consultancy Bain & Co. It grew at a rate of 13% in 2011, 5% in 2012 and 6% in 2013. The market is set to reach $277 billion by the end of the year, 13% higher than last...
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