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Global luxury market to grow by 7% in 2012

09/05/2012

The global luxury market is forecast to grow by up to seven per cent in 2012 despite the financial crisis. A study by an Italian foundation released on 7 May, 2012, showed sales will exceed the EUR200 billion mark but growth is forecast to fall short of the 10% seen in 2011, due largely to slowdowns in consumption in Italy and Spain. “The market ...

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