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":"bd1f27214e7ffde10768055cbae6278e","s":"d28adf0708dde030"}