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 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","iv":"aea54e831116e2f2c6bdf39c7f0706a8","s":"01bf6dadcba5adba"}