China has long been a hotbed for luxury items. However, the country has seen a recent economic slowdown, causing luxury brands to start targeting other areas of the world. Latin America, for instance, is underdeveloped in terms of luxury consumption, but Brazil and Mexico are expected to see fast growth in the segment. Sulabh Madhwal, Personal Accessories Research Analyst at Euromonitor, gives an overview of each region’s luxury market and explains the potential for luxury personal accessories.
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