
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
{"ct":"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","iv":"0109519a70cada9b5bf0dc72ac2fa52b","s":"72029b00a51c0b63"}