Cathay Capital announced the launch of a fund in partnership with Kering, L’Oréal and Pernod Ricard. Will luxury be taking the Chinese investment market seriously in 2022? Image credit: Chen Peng
What’s holding luxury back from investing in China?
Posted By a Luxury Daily columnist On In Featured,Financial services,Industry sectors | No 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","iv":"057db52cb8501ee1ff92a4e26b823dd5","s":"02a894a3b5b1d54f"}