Retail
November 23, 2021
China is undergoing a historic transformation away from capitalist values that is alarming global luxury brands. Could India offer a viable alternative? Image credit: Hermès Spring 2008 ad
By Adina-Laura Achim
China is undergoing a historic transformation, and its “capitalist smackdown” has alarmed global brands, particularly in a time when supply chain chaos has created even more uncertainty. And while leaving China for good is unrealistic, looking to India as a strategic way to expand could be a winning strategy for luxury brands.
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","iv":"6ef6bf7902a5c63aba35656dd96424ff","s":"c1c3511fddd133e4"}
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