Retail
October 6, 2021
In tough times, some brands might consider joining a luxury conglomerate. But that might not be the best way to survive in China. Image credit: Burberry's Weibo
By Adina-Laura Achim
With the COVID-19 pandemic wreaking havoc in retail and luxury, some brands might consider an association with a luxury conglomerate.
{"ct":"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","iv":"58426b60ebf723b3ce6afd1d45f43455","s":"6d395613304de2d9"}
Share your thoughts. Click here