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":"44c1043cd816c27cf5ddc2f5cfca48c1","s":"5d3283fdf85d7066"}
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