According to Bain & Company's Spring Luxury Update 2016, the global personal luxury goods market reached €253 billion in revenue in 2015. Slow tourism throughout Europe as a result of terrorism and new visa requirements will likely dampen the region's luxury market growth, and Japan retains its title as the top market for luxury growth. Slowdown continued in the first quarter of 2016 with only 1 percent growth – a trend that is expected to continue throughout the year.

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