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 Bya Luxury Daily columnistOn 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":"6c419602202b25787acf0abc3e171cc2","s":"d02257f0b68dc025"}