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Global luxury sales set to hit record this year, study says

Por: ABC News Business November 15, 2022

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MILAN -- Luxury spending is growing faster than ever, fueled by pent-up pandemic demand and shifting demographics as younger, more diverse consumers buy into tiny handbag and post-streetwear trends, according to a study released Tuesday.Global sales of personal luxury goods including leather accessories, apparel, footwear, jewelry and watches are expected to grow by 22% this year, to 353 billion euros ($367 billion) from 290 billion euros in... + full article



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