China
November 2, 2023
The ability of luxury groups to retain existing Chinese customers to sustain long-term momentum will become the most significant challenge. Image: Unsplash
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","iv":"e76d00ad4160d35f5b0cfa771388ac86","s":"5d9d76f12aee02e5"}
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