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":"193a26c530fec06137319be2c2177ef0","s":"bcb1cf064d123159"}
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