Retail
June 16, 2020
GlobalWebEx has found that Chinese consumers are the world's largest demographic of luxury buyers. Image credit: GlobalWebEx
By Dianna Dilworth
With borders still not fully open worldwide, the largest group of luxury consumers is staying home, spelling trouble for Western brands.
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","iv":"ffa27ed3274fef01a3827edbd608b037","s":"8d5d3d4d5a85dcbc"}
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