Travel and hospitality
September 10, 2020
The luxury sector just had one of its worst quarters ever, but despite the turmoil, there’s a silver lining: double-digit sales growth in China. Image credit: Shutterstock
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","iv":"26bac906b2ec1db469427cff7a510156","s":"1fd2d667de9e1fcc"}
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