Large brands deal with it better, but China’s crisis threatens luxury

Large brands deal with it better, but China’s crisis threatens luxury

Large cities in lockdown, industrial production slowed, GDP projection for 2022 lowered by the IMF from 4.8% to 4.4%. It’s now fair to talk about China’s crisis. The situation for the People’s Republic is alarming for luxury operators, as they see the Asian giant as the reference market in the area. Some groups and brands…

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