Luxury Brands in The New Age
By Yahong Zhang | January 24, 2020
For the past years, the luxury goods market has been increasing both in sales and in opportunities. According to McKinsey research, in 2018 its value has been 330 billion Euros and it is expected to reach 430 billion Euros, in 2025.
With such high figures it is understandable that more and more companies want to gain that luxurious and exclusive feel and to turn their products into aspirational and must-have pieces, while taking advantage of new marketing tools and tactics with which consumers resonate.
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