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Global luxury sales forecast to plunge 23% due to pandemic

By |2020-11-19T13:24:56+00:00November 19th, 2020|Consumer Information, news|

Sales of luxury apparel, jewellery and beauty products are set to slide by nearly a quarter this year as the pandemic wipes out more than six years of growth, according to a study released Wednesday by the consultancy Bain. Still, the drop is narrower than the 35 per cent collapse forecast in the spring, [...]

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