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» The swift evolution of the retail industry has lured a large pool of global luxury firms to establish their presence in Asia-Pacific over the last few decades. Sales for glitzy items across the region have been rising at whirlwind speeds amidst the surge of an aspirational middle-class and buoyant economy.
» Despite some panic on the ripple effects from the Chinese currency depreciation, the global luxury sector will remain unfazed driven by rising disposable incomes and continuing influx of Chinese outbound tourists, experts have suggested.
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