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":"4406d4b6a5ccdf7c9946b744519f77b0","s":"b9f09069dbd2a1c5"}
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