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 Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No 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","iv":"52d6e66ba1e7f55a8ba9b97623120829","s":"82b0265649e3899c"}