The Rich Don't Drive the Luxury Sector | Opinion | BoF

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The Rich Don't Drive the Luxury Sector | Opinion | BoF

http://www.businessoffashion.com/articles/opinion/the-rich-d...

LONDON, United Kingdom — If luxury spending was indeed driven by the rich, the luxury industry would be a niche sector serving a fortunate few, rather than a dynamic, global business selling to a consumer market measured in millions.

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