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
{"ct":"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","iv":"9798ff504b73ebef500d81fdffc22a6f","s":"7cd12644aae2f883"}
Share your thoughts. Click here