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":"4fb3a0fd6f431fce87a8b3508b8ba665","s":"4206d8095ff5f488"}