China's booming grey markets add woes to luxury brands
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The Economic Times
India
21.10.2024. 13:59
China's booming grey markets add woes to luxury brands
China's second-hand and grey luxury markets are expanding due to rising brand prices and economic slowdowns. Platforms like DeWu offer significant discounts, driving consumers to these alternatives. This trend poses challenges for luxury giants like LVMH, which faces declining sales in China and Ja»»»
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