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":"692d0e927a31c1735f3ada5f354fb123","s":"76a2f54f8eb8918a"}