Research
February 8, 2023
The report details the decline of the luxury market within China, stressing the resiliency of digital business. Image courtesy of Bain & Company
By Emily Iris Degn
Amidst the economic and health crises happening in China, the country’s personal luxury goods have officially lost exponential momentum.
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","iv":"c487305eeda3a23cafdd0c3393c32c35","s":"ba51400580cf08b5"}
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