Despite the recent slowdown in luxury retail, which is predictable given its phenomenal growth in the last two years, the luxury sector is forecasted to grow by leaps and bounds and outperform the apparel sector. However, this trend is not replicated in the e-retail luxury sector where some of the biggest players have been operating under growing losses.
If the recent M&As are anything to go by, we are seeing the slow demise of luxury eCommerce businesses as they scramble for financial stability amidst an intensifying fight for the online customer.
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