With conspicuous consumption at a standstill in Europe, luxury brands need to find contingency plans so as not to be wholly dependent on Chinese consumers. Image credit: Louis Vuitton
Will European luxury collapse without Chinese tourists?
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail,Travel and hospitality | No 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","iv":"9373d151a212c1a433251e4164c32aa4","s":"48a17a2c7733b032"}