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Video / Luxury Industry Facing Mounting Risks into 2017
Luxury Industry Facing Mounting Risks into 2017
The luxury industry faces mounting risks into 2017, including uncertainty in some of the largest markets for luxury, slowdown in Hong Kong and instability in the Middle East. Nevertheless, luxury sales grew by 3 percent last year to reach US$ 380 billion and similar growth rates are expected for 2017.
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