Chanel has announced another price increase. But this is sure to backfire as Chinese youth have found alternative sources of luxury in the resale market. Image credit: Shutterstock
The resale market is booming. Why is luxury not taking note?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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","iv":"19fd6101a3bdb71da87d56a22d9043f5","s":"f15eeb01a6d2d174"}