Research
January 26, 2018
The luxury business is in a period of tremendous disruption. Image courtesy of EY
By a Luxury Daily columnist
{"ct":"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","iv":"ee08415b656a55918e4155b03656dfa7","s":"a802fe3e5773c210"}
Share your thoughts. Click here