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":"0f0f73042c4f25acbcf82d8e25e04eee","s":"f06ec8781b23a520"}