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 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","iv":"db465f42866dc24938aa118e0427893c","s":"e3037c1385421c40"}