Retail
January 9, 2020
A problem often overlooked is the weaning desirability among Chinese consumers whose knowledge of affordable luxury brands started to shift long ago. Image credit: Shutterstock
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","iv":"802ee5dca6578496f2158e403ee83ff7","s":"e06567bdad89a95e"}
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