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":"35a0e04af2eb334045f4970e24575e46","s":"b669c34f637cb1d0"}