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  "documentTitle": "The State of Luxury January 2025",
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      "text": "Prices went up across categories, with more significant increases in leather goods. Iconic products were disproportionally impacted, with some luxury brands increasing prices of selected pieces as much as 50 to 100 percent over a four-year period.",
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      "text": "1. Survey question: 'How will conditions evolve for the fashion industry in the next year, in your view?' Source BoF-McKinsey State of Fashion 2025 Executive Survey (conducted in August 2024), Beyond boundaries Redefining Aspirational Luxury Consumers (McKinsey, April 2024), National Retail Federation",
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      "text": "Drivers of 2019-2023 global personal luxury goods market growth, % of total growth",
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