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":"046d5e23ef68be7bc50a7d1d5bcb5099","s":"eebf889379f4b6d0"}
