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
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","iv":"27050f03f34b865298bd71a7623ced5f","s":"916dde1e6574db86"}
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