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BCG has published its third report on the global luxury sector, Shock of the New Chic: Dealing with New Complexity in the Business of Luxury. The report introduces BCG's three Metroluxe Indices to track the status and growth potential of the world's richest cities. The indices help brands determine which cities should be priorities, where brands should expand existing retail outlets rather than opening new stores, and where tourists spend the most on luxuries. For more details, read the full article.