Outlook
December 18, 2023
Although UHNWIs continue to dominate the market, it is clear that the younger generations must not be overlooked. Seen here: Prada's fall.winter 2023 campaign. Image: Prada
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","iv":"77be1f3798ae57540fec281296cdbc6f","s":"44f39da7b010abd5"}
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