Retail
October 11, 2022
As the economy slows down, Gen Zers are cutting their luxury spend — meaning brands must look to alternative consumer bases such as the more mature UHNWIs. Image courtesy of Stefano Ricci
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","iv":"fb0ce49eebcfc6e1f7b4612e66688400","s":"8849224fc98b8e99"}
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