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 Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
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 {"ct":"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","iv":"f0f838fc87980c41e0db11e0032332a5","s":"fb9605884d7a8075"}