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3min chapter
Is The Luxury Goods Bubble About to Burst?
Patrick Boyle On Finance
Introduction
The personal luxury goods market has seen amazing growth over the last 25 years. It posted a record year in 2022, where sales of personal luxury goods hit $385 billion. In March this year Fortune magazine announced that Elon Musk was no longer the world's richest person. After being overtaken by Bernard Arnaud, the founder of Luxury Goods conglomerate LVMH.
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