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":"3bd5018d021bbcc9f3cd334b5eb3bdac","s":"b83f474e972ea5e0"}