Peak of the largest nationality wave ever to benefit luxury goods is behind us: There is not going to be another China, said D added that the growth we see now much healthier and less dependent on any one market or spending trend. The market is still very reactive. But for now, the luxury business looks in a much better place than it was this time last year. expects annual sales of personal luxury goods, including high end fashion, handbags, and jewelry, to total billion to billion by 2020.

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