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":"527afb8c0cd47e3118f1fd003bacf91b","s":"a29d4d380bee2a28"}