Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo Is China’s affordable luxury market dying?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo 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","iv":"dec7fb7686e795fdf2768d0d0785b74e","s":"0d18f1955e25281b"}