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The luxury industry posted its best two years after a slight stumble since the COVID-19 coronavirus spread globally.
Overall, the large brands – Louis Vuitton, Gucci, Chanel, Hermès, Cartier and Dior – were rewarded with healthy sales, while smaller luxury brands lost a spring in their step, outmatched by name recognition, deep pockets, supply chain issues and stalled retail-store traffic.
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