China is still supporting much of the global luxury industry post-COVID-19, but do other Asian markets show promise in the short or long term? Image credit: Shutterstock
Can other Asian markets besides China boost luxury brands?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments
China is still supporting much of the global luxury industry post-COVID-19, but do other Asian markets show promise in the short or long term? Image credit: Shutterstock
{"ct":"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","iv":"d1f64ea79f51f0dbee8647488062c8a8","s":"bc27654d2ad74054"}