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Millennials Love To Spend Money On Gucci And Louis Vuitton, Retailers See Commercial Potential For Hedi’s Celine

Millennials have contributed to 85 percent growth in the luxury market last year and will represent 45 percent of total high-end spending by 2025, according to a report by UBS Group AG, which surveyed more than 3,000 consumers across China, Europe and the U.S. The report also found that Gucci and Louis Vuitton are millennials’ favorite brands.

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