Luxury Retailers see slower 2016 sales

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Nov 2016
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International luxury sales are on track to dip a bit this year, from €251 billion to €249 billion, as spending by China's consumers cools after several years of strong growth, according to the latest Bain Luxury Study. High-end tourist spending rose in the UK after the post-Brexit pound devaluation, but it was down in other parts of Europe, the report found


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