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Chinese consumers make the largest luxury purchases

The U.S. is the largest luxury market in value, reaching €79 billion;New York City alone outweighed all of Japan

BS Reporter 

The global luxury industry comprising 10 segments, led by luxury cars, luxury hospitality and personal luxury goods (that together account for 80 per cent of the total market), is expected to surpass €1 trillion in retail sales value (RSV) in 2015, reveals Bain & Company Fall Luxury Goods Worldwide Market Study. According to the findings of the study, India will see 13 per cent growth in RSV to reach €1 billion this year, compared to mainland China's €18 billion and a-third of Singapore's RSV this year. Chinese consumers continue to make up the largest portion of ...

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First Published: Mon, November 30 2015. 00:06 IST
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