Research
November 13, 2014
Hermès’ Elsewhere
By Joe McCarthy
The luxury space is becoming overcrowded and brands incapable of adapting to emergent market forces will falter, according to a new report by the Luxury Institute.
{"ct":"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","iv":"6d445a4e610746d8a982fd7bbde6cca5","s":"d846bec2e957f057"}
Share your thoughts. Click here