Major luxury players know scaling up confers enormous benefits in their pursuit of further growth. Image credit: Gucci, Haitong Zheng
“Buy Less, Buy Better” means luxury leaders are only going to get stronger
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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","iv":"b42c424ef672e5ab461b89685d0dc717","s":"333bcdb53f2ef131"}