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":"a8c8d4394df23a38fa01ab9b69f5c601","s":"47f0e879336c1565"}
Share your thoughts. Click here