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":"252a4d5fd39c72bf16f45e82f6f05bc7","s":"177435a5ea892433"}
Share your thoughts. Click here