China
November 2, 2023
The ability of luxury groups to retain existing Chinese customers to sustain long-term momentum will become the most significant challenge. Image: Unsplash
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","iv":"223e9b0b8e8a0e974b1521264c2a2706","s":"f0385ab642b9c8f9"}
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