Although UHNWIs continue to dominate the market, it is clear that the younger generations must not be overlooked. Seen here: Prada's fall.winter 2023 campaign. Image: Prada
Polarization strikes back for the luxury business
Posted By Luxury Roundtable Intelligence On In China,Columns,Marketing,News,Outlook,Research,Research,Retail,Retail,Strategy | No Comments
Although UHNWIs continue to dominate the market, it is clear that the younger generations must not be overlooked. Seen here: Prada's fall.winter 2023 campaign. Image: Prada
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","iv":"d559397d5cc390c1b9440749aaef2107","s":"59fe6d1bba75e387"}
