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":"9b5fc1f587128411cd9d9d6d8e2e2df1","s":"89dbf6733d72dca5"}