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
Why the US luxury recovery is not comparable to China’s
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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","iv":"dbf42fb50d7023da84f43757d0348545","s":"1ecf9575b3e238b0"}