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":"3e567308e79936dad312d81155b82540","s":"7511aadd67bdc3d3"}