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British luxury sector may hit more than 50 billion pounds

The British luxury market could nearly double to as much as 57 billion pounds by 2019, according to a new report by Frontier Economics commissioned by Walpole, the British luxury trade alliance that counts Burberry and Harrods as members. The report found that the luxury market contributed 32.2 billion pounds in 2013, making up 2.2 percent of...

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