Luxury Goods Market Size, Future Trends, Growth Key Factors, Demand, Share, Application, Scope, and Opportunities Analysis by Outlook 2028

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Newstrail

The epicentre of the pandemic, China tops the ranking of wealthier people. It has more wealthy people than the U.S., states Credit Suisse Report on Global Wealth. It also mentions that the Asian country has 4.4 million millionaires. They make the world’s top 10% of earners. This rise in wealth is spent by these wealthier people in the name of luxury brands and luxury goods. For them, the quality and brand of the product are of higher importance than the price. These consumers are willing to pay for premium products as they offer them innovative and richer experiences that make them spend on th…

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