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":"32601e0be3ec1a899e412e13c7ee3ddf","s":"7c8a0501abff4e97"}
