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By: Fflur Roberts

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Our latest data reveal that 2015 was yet another challenging year for the luxury goods industry. In particular, the economic instability, social unrest and armed conflict buffeting formerly fast-growing emerging markets have driven up the strategic importance of the developed markets, not to mention the turmoil on the global foreign-exchange markets since late 2014 creating a global currency war for the industry. Despite these headwinds, the outlook for the luxury goods industry remains optimistic, with sales set to reach US$375 billion by 2020.

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