As the business of luxury shows swift signs of a rebound in China and beyond, luxury brands need to prepare now for the next challenge. Image credit: Prada, Haitong Zheng The third wave: After COVID-19 and economic hardship, what is luxury’s next challenge?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Marketing | No Comments
As the business of luxury shows swift signs of a rebound in China and beyond, luxury brands need to prepare now for the next challenge. Image credit: Prada, Haitong Zheng 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","iv":"5957739efaf0b6646cf963a4f8770c8a","s":"e7ed1c4aeaf0009e"}