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":"6a49f85b972d943371efb0bbebbd48d7","s":"d652b19d05c8e5cf"}
