Retail
October 6, 2021
In tough times, some brands might consider joining a luxury conglomerate. But that might not be the best way to survive in China. Image credit: Burberry's Weibo
By Adina-Laura Achim
With the COVID-19 pandemic wreaking havoc in retail and luxury, some brands might consider an association with a luxury conglomerate.
{"ct":"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","iv":"3b773407ab6dcaf2f6c6625133c1d684","s":"6f7c81db84fed3a6"}
Share your thoughts. Click here