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Global Luxury Sales Expected to Grow By Up To 10 Percent In 2023: Report

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Limei Hoang | November 30, 2022

Despite what many see as a challenging year ahead in 2023, global sales in luxury are expected to grow between 5 to 10 percent, according to the latest The State of Fashion 2023 report released by The Business of Fashion and McKinsey & Company, providing a bright spot in an otherwise gloomy outlook for the fashion industry.

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