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":"9e7201e36bfc1c4ab26b6f8b8a174e19","s":"b9ed58bb5051204b"}