Retail
July 12, 2021
Affordable luxury had a great run in China, but some factors have led many to believe that this market is tanking post-COVID-19. Image credit: Coach's Weibo
{"ct":"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","iv":"e35722119eea588795dcb7f1bc968103","s":"6804518e293a15ab"}
Share your thoughts. Click here