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":"2217282499fea4d891de2efa3c685326","s":"b8502020d084854f"}
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