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":"c4bf2ae862ef0b15366366daef7d6ea9","s":"8af110a18357d930"}