Major luxury players know scaling up confers enormous benefits in their pursuit of further growth. Image credit: Gucci, Haitong Zheng
“Buy Less, Buy Better” means luxury leaders are only going to get stronger
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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","iv":"86fb32c5df8e47eb78052c3abb53c651","s":"2c10773c0cb4501f"}