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":"916910ca2b4c609b6e634577f8eb6814","s":"c49909198c1600f6"}
Share your thoughts. Click here