Research
May 10, 2016
Michael Kors Chinese New Year campaign image
By Forrest Cardamenis
Luxury brands can no longer forego a presence in China and hope to make up the difference with tourists, according to a new report by L2.
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","iv":"9189a196473eae73df507d360f33b44f","s":"642193e77f765a41"}
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