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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\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