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":"f0522a55993dedb1fe5489c5e7361dc3","s":"4ea823b390e12605"}