The luxury business will take a major hit this year because of COVID-19 shutdowns and travel bans. Source: Euromonitor International Luxury industry set to decline by 18 percent this year due to COVID-19: Euromonitor
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,News,Research,Retail | No Comments
The luxury business will take a major hit this year because of COVID-19 shutdowns and travel bans. Source: Euromonitor International {"ct":"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","iv":"33fc2807be0df2b6c5bde3e31982e00b","s":"a19239df48a00628"}