Retail
April 28, 2023
Luxury houses are building independent flagship stores in China’s top-tier cities. Image credit: Hermès
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","iv":"e23df86a41f2a6f7bb2c8afb4b907bc8","s":"9a55c21aa3f8d7d1"}
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