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":"fb7d9181aeb51b14dfe841e4e4666e17","s":"8c76bf0a87660640"}
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