Retail
October 9, 2020
Economists love to use letters to describe the shape of an economic slump or recovery. Fortunately for luxury brands, all regions are created equal. Image credit: Louis Vuitton, Haitong Zheng
{"ct":"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","iv":"f6fdd80d7536c5207879fa38349df47c","s":"bdaf3f2020b8ec29"}
Share your thoughts. Click here