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
{"ct":"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","iv":"ee1bc636b1fa9fd7e37ad7232bd02b68","s":"eaece3eb913cdd27"}
Share your thoughts. Click here