THE global luxury industry is set to contract between 20 per cent and 35 per cent in 2020 amid the virus pandemic. The market for personal luxury goods has also declined by 25 per cent in the first quarter of 2020, according to estimates in a Bain & Company report.
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Global luxury industry to contract between 20% and 35% in 2020: reportTHE global luxury industry is set to contract between 20 per cent and 35 per cent in 2020 amid the novel coronavirus pandemic. Read more at The Business Times.
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