Marketing
July 15, 2021
China might seem like the answer for luxury growth, but there are risks in the medium term that could derail this burgeoning luxury market. Image credit: Li Ning's Fall/Winter 2021 collection, Weibo
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","iv":"73f081dd0929c118ec93cd07a22b7488","s":"9650e31f78463288"}
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