Research
January 30, 2025
The prestige sector is grappling with normalization following years of booming post-pandemic fiscal cycles. Image credit: Bain & Company
By Zach James
Global consulting firm Bain & Company does not predict sales recovering within the vital Chinese high-end goods market this year.
{"ct":"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","iv":"15b0edf736c760ce68fc578b3ec835cd","s":"2eb452032f908271"}
Share your thoughts. Click here