Half of the existing luxury brands today likely will not survive by 2030. They must deliver a best-in-class performance or risk becoming obsolete to Gen Z. Image credit: Shutterstock Will Gen Z break up with your luxury brand?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Marketing | No Comments
Half of the existing luxury brands today likely will not survive by 2030. They must deliver a best-in-class performance or risk becoming obsolete to Gen Z. Image credit: Shutterstock 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","iv":"7a73bf7de39266175a0cd83d71fcc15f","s":"2626c5372e3856ed"}