U.A.E. luxury retail will decrease once again this year

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17 November 2017 à 16h55

Updated on 10 May 2019 à 17h29

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1 minute

Publication: 17 November 2017 à 16h55, Updated on 10 May 2019 à 17h29

Reading time: 1 minute

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Publication

17 November 2017 à 16h55

Updated on 10 May 2019 à 17h29

Reading time

1 minute

Publication: 17 November 2017 à 16h55, Updated on 10 May 2019 à 17h29

Reading time: 1 minute

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According to Patrick Chalhoub, C.E.O. of the Chalhoub Group, luxury sales in the U.A.E. should decrease by 3% in 2017, following a 2% decrease in 2016. At a global level, Bain said that luxury sales should reach €1.16 trillion in 2017 at constant exchange rate, after the uncertainties and geopolitical crisis seen in 2016. This market will benefit from renewed consumer confidence across the Americas, Europe and Asia and the U.S.A.

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