Retail
October 9, 2020
Economists love to use letters to describe the shape of an economic slump or recovery. Fortunately for luxury brands, all regions are created equal. Image credit: Louis Vuitton, Haitong Zheng
{"ct":"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","iv":"82542a01cd8827c90cc649c818f83a01","s":"b5cdcd8b8ff01dab"}
Share your thoughts. Click here