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":"3f093450567423d384dd682e30c31139","s":"b3ffe275f08edf43"}