News Snapshot:
AP Business Writer MILAN – The luxury luxury personal market of high-end accessories, leather goods and clothing has returned to pre-pandemic levels as U.S. buyers spend them in China following the latest fashion trends, according to a study published Thursday by Bain Consulting. . Global consumer spending on personal luxury goods, including the latest athlete trend or design collaboration, is projected to increase by 29% this year, to 283 billion euros ($ 325 billion). This is a return to 2019 levels and a turning point from the darkness of the 2020 pandemic blockages that shut down stores and banned international...
