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":"c50d4156f1e54a4cd453e8e6e8ed9d90","s":"67724d67cfe65f25"}