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":"0b62d857eec9e35bd1f4e0449e025ad1","s":"ec49ac44aec1938f"}