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 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","iv":"fa168b07847deb3f8dff2e94525dc62f","s":"a4046b783626c2d5"}