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Luxury industry to contract 20-35% in 2020

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THE global luxury industry is set to contract between 20 per cent and 35 per cent in 2020 amid the virus pandemic. Read more at The Business Times.

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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