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":"ea6d341c69b3d9b413afdff3f8805f98","s":"21d430aa11b66ec4"}
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