Research
June 1, 2023
A shift in Asian markets could see luxury brands’ fiscal reports become more grim. Image credit: Shutterstock
By Zach James
While Asian markets are seen as areas of growth for luxury brands, a new survey shows the region is shifting in a different direction.
{"ct":"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","iv":"d3209d1b72913f7d24834761e2ef60aa","s":"abf285832d4b1c81"}
Share your thoughts. Click here