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Could the Middle East be the ‘New China’ for luxury brands?
Posted By
a Luxury Daily columnist
On
March 16, 2023 @ 2:00 am
In Featured,Industry sectors,Retail |
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Aerial view of Souk Al Bahar, Dubai. Image credit: Unsplash
By
Avery Booker
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","iv":"ad08eaeea2a680886e6434a79ab6fbfc","s":"d85a4ddabf92d968"}