Retail
May 24, 2022
Will China's zero-COVID policy endanger luxury expansion efforts? Not in the long-term: most brands should already have contingency strategies in place. Image credit: Dior
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","iv":"e418fed9bd4a1831f385d70a3616009f","s":"9667a890a5d999f3"}
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