Retail
May 24, 2022
Will China's zero-COVID policy endanger luxury expansion efforts? Not in the long-term: most brands should already have contingency strategies in place. Image credit: Dior
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","iv":"d7a4361f7486d42f4998a9c97076e55d","s":"5025e44e8deeffb6"}
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