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":"4ff3f44ebe0eefdd0e5886c45387cbcc","s":"1f2ee7a8ccb397f8"}