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":"a321bf6cd01e4780034e798a23562558","s":"3d5835495eeaf356"}
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