After the breakneck pace of the past few months, what can the luxury sector hope for now? A soft landing. Image credit: Shutterstock Flight of Icarus: As luxury sales soar, how does this end?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
After the breakneck pace of the past few months, what can the luxury sector hope for now? A soft landing. Image credit: Shutterstock {"ct":"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","iv":"5ac6ad6f4561cf98f4a4acb6140307d7","s":"58baf547501f676c"}