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":"4f73c9c9dc07df3b50c47b41f7b24101","s":"0fe1c5a1b9022651"}