Global luxury goods sales slowing in 2013

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MILAN (AP) — A study says global sales of luxury goods are off to a slow start in 2013 and aren’t expected to match the double-digit growth of the last three years.

Consultancy Bain & Co. said Thursday in a report that sales of luxury apparel, accessories, jewelry, cosmetics and art are expected to grow just 4 percent to 5 percent in 2013.

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