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The Independent UK
The Independent UK
National
Via AP news wire

Luxury market seen as growing in 2022 despite inflation, war

Copyright 2022 The Associated Press. All rights reserved

Neither inflation nor the war in Ukraine are threatening to take a bite out of the luxury fashion market, according to a study published Tuesday.

While much of the world is fretting over higher fuel and energy prices, the study by Bain & Company consultancy indicated that the global luxury market remains set for growth, largely due to the continued resiliency of the world’s wealthiest people.

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