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":"22f558f817bca5459f01677fdbb73892","s":"80b8e8dd4503d421"}
Share your thoughts. Click here