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“It’s probably not worth their while to be the richest person in the graveyard.”
That revelation is why top-tier consumers are fueling luxury sales in the sector, according to Luca Solca, who summed up the global luxury market Thursday night at a French American Chamber of Commerce event in New York. Just how long that mindset will last remains a matter of debate, the Bernstein senior analyst said. High-end demand in Europe and…
