Luxury brands that struggled before the outbreak will continue to lose momentum in China if they do not transform their digital capabilities. Image credit: Hermès Why many Western luxury brands banking on China will fail
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Marketing,Retail | No Comments
Luxury brands that struggled before the outbreak will continue to lose momentum in China if they do not transform their digital capabilities. Image credit: Hermès {"ct":"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","iv":"93240f1df1bacc3047b7610a4bc26310","s":"3fdfc48062af0973"}