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"As reported in our Global Luxury Retail Outlook 2025, China remained the global leader in luxury retail expansion last year, accounting for 40% of all new store openings – a 10% year-on-year increase."
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"Luxury spend and performance is undergoing a period of turbulence, of transition."
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"A refocus on customers in real estate strategies"
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"Within its recently launched annual Global Luxury report, Savills identifies several cities in India, notably Mumbai and Delhi, as being relatively underserved by luxury brands, considering their future market size and economic status. "
"Localisation and the Evolving Global Luxury Landscape"
"China still dominated new store openings in 2022, as it did the year before, but we saw renewed activity in Europe, with new openings in the Middle East also picking up pace"
"Smaller luxury groups and independents stepped up activity in 2022"
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