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Luxury and FashionOur global industry experts explore the key trends shaping consumer preferences that drive fashion and luxury, using timely insights to stay one step ahead of the latest innovations and business strategies.
The high-income population in the BRIC countries of Brazil, Russia, India and China – defined as population with an annual gross income of US$150,000+ – is expected to continue to grow strongly in the long term, expanding by 195% over 2014-2030. However, their share in the population aged 15+ will decline, reflecting the robust expansion and growing incomes of the BRIC middle class. This highlights the rising potential for affordable luxury goods and services in key emerging markets.
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