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Luxury Consumers to Spend 880 Billion Euros a Year by 2020

Louis Vuitton, Shenzhen, China | Source: Richards Basmajian
By
  • Emma Clark

"Luxury goods consumers around the world will spend 880 billion euros ($1.2 trillion) on personal items and experiences like holidays a year in 2020, 20 percent more than is spent on such goods today, a study said on Tuesday."

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