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 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","iv":"370fb5c0fae0b40b20b6e3943d3a9c3b","s":"feada70211fc7522"}