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":"81a3145ec3d455433c4f095be15e0634","s":"e861fcc5988d8314"}
Share your thoughts. Click here