https://www.marketwatch.com/story/luxury-phobia-is-turning-the-chinese-away-from-conspicuous-consumption-and-toward-local-hero-domestic-brands-7de8be25?mod=mw_rss_topstories
In China, conspicuous consumption is out, and “local heroes” are in…
A luxury ‘phobia’ is gripping these consumers. It’s a red flag for brands like Chanel and Gucci.
Published in Business and Uncategorized
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