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By: Faith Ashmore, Benzinga Staff Writer
The global luxury market is witnessing growth in light of a resurgence of social interactions and travel. The global luxury market is expected to reach $1.6 trillion in 2023, witnessing 8-10% growth over 2022. Despite macroeconomic challenges, the luxury market has shown remarkable resilience, and companies like Argentina’s Gaucho Group Holdings VINO+0.04% which focus on luxury industries may be poised for expansion and continued sustainable growth on the back of overall market growth – Gaucho Holdings seems to be gearing up for growth with the recent announcement of key additions to its board.
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