Retail
May 9, 2023
The return of Chinese consumer demand is propelling the stock prices of European luxury groups such as LVMH and Hermès to new highs. Image credit: Louis Vuitton
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","iv":"af22f0cfab2c61fc7d54c8f6232c101b","s":"7f17a8f201843e40"}
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