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":"d2af4f932928cf7925bd880c2c759e1b","s":"d990c90157904582"}
Share your thoughts. Click here