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":"fd8d14b9d12dae2a7e7fad28a7f4677c","s":"79c5eb9f8d1af81e"}
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