Retail
December 31, 2019
Sky's the limit: Hermès gets the luxury formula right, and will continue to do so in the Twenties. Image credit:Hermès. Illustration by Marc Antoine Mathieu
By Mickey Alam Khan
The urge to resist December punditry was tremendous, but staying silent would mean abdicating responsibility to luxury brands and retailers trying to figure out their strategy for the 2020s.
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","iv":"41617b639ef2cf7c074a51ffca93722a","s":"653d9e0186318000"}
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