Retail
June 25, 2021
After the COVID-19 pandemic, the luxury landscape in China quickly became more advanced, and local independent multi-brand stores have taken advantage. Photo: SND boutique. Image credit: Various Associates
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","iv":"012dc0a3b441e3f68ccf27198685dd41","s":"ae398a4bcd8c77f3"}
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