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":"60e58ee07435b2b093baca649e9f6cab","s":"6588e4e1db09d720"}
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