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
Why the US luxury recovery is not comparable to China’s
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No Comments
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
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","iv":"83822c5fcf27cbeb12fe27d8cd9c8c7c","s":"23fa8b38349093e6"}