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 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","iv":"31d9cf21785e4544b8571f46efec9c74","s":"005950c42c5a3b69"}