The luxury business will take a major hit this year because of COVID-19 shutdowns and travel bans. Source: Euromonitor International
Luxury industry set to decline by 18 percent this year due to COVID-19: Euromonitor
Posted By a Luxury Daily columnist On In Featured,Industry sectors,News,Research,Retail | No 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","iv":"221021ba4e0487e4eaaaed351718d9cd","s":"b1e6fbe81ffd0400"}