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":"c69c15d4b179ea3da1bad5f1699db376","s":"68569b5b83712924"}
Share your thoughts. Click here