Global luxury sales could collapse up to 60% in the second quarter, consulting firm says

Global sales of luxury goods are headed for a collapse in the next few months, as the coronavirus pandemic ravages demand, Bain & Company said in a new report published Thursday. 

Read more at https://www.cnbc.com/2020/05/08/coroanvirus-bain-report-on-global-luxury-sales-for-2020-and-beyond.html