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":"d7c0246f11108c0b5f21d88bc89e80ab","s":"bd784bb4dd558959"}