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Nov. 12, 2024
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  3. Nearly 40pc of fashion execs foresee industry conditions worsening in 2025: McKinsey
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Retail

The resale market is booming. Why is luxury not taking note?

April 28, 2022

Chanel has announced another price increase. But this is sure to backfire as Chinese youth have found alternative sources of luxury in the resale market. Image credit: Shutterstock Chanel has announced another price increase. But this is sure to backfire as Chinese youth have found alternative sources of luxury in the resale market. Image credit: Shutterstock

 

By Adina-Laura Achim

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  1. ‘Hermès in the Making’ pop-up continues world tour in Zurich
  2. Artist Esther Mahlangu to debut new work at SCOPE Art Show’s 2024 Miami edition
  3. Nearly 40pc of fashion execs foresee industry conditions worsening in 2025: McKinsey
  4. Bentley anticipates first electric SUV, arriving in 2026
  5. Burberry appoints new chief product merchandising officer
  6. Lanvin official outfitter of AS Monaco basketball team
  7. Improving mine-to-market traceability remains critical: Natural Diamond Council
  8. Marina Bay Sands goes ‘Above Beyond' with multimillion-dollar rebrand
  9. LVMH partners with Swire Properties towards sustainability in China
  10. Diageo launches new division for luxury brands, experiences
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Nearly 40pc of fashion execs foresee industry conditions worsening in 2025: McKinsey
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Lanvin official outfitter of AS Monaco basketball team