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":"9686bb4222154addfb46f7e6b9d019ae","s":"b3f058b13b386a3e"}