By  on April 15, 2019

MILAN — The luxury goods market is expected to continue to grow as global companies adapt to change and the challenges ahead — including building solid relations with new clusters of customers.

According to the 2019 edition of “Global Powers of Luxury Goods,” a report by Deloitte Global, luxury brands have started to develop relationships “with a new consumer class who is likely to become or remain affluent or ultra-affluent in the future” — the HENRYs (High-Earners-Not–Rich-Yet) who earn between $100,000 and $250,000, though according to Equifax’s much broader definition, HENRYs are aged on average 43, with an income of more than $100,000 and investable assets of less than $1 million.

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