Luxury Sector Recovering Nicely After Recession, Report Finds
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Luxury sales are expected to reach a record $274 billion this year, up 8 percent from a year ago, according to a new report by consulting firm Bain & Co. Global luxury sales last year surpassed the prior peak of $252 billion in 2007, making a full recovery after a combined decline of $25 billion over 2008 and 2009.
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