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":"c327ae4f24cff597dc7cd6079a0e7143","s":"f6de6d26cff8dcc6"}
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