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billion last year – were readily lining up outside of Louis Vuitton and Chanel stores early this year even as COVID-19 cases were rising. COVID aside, the $12.5 billion) dropped by 19 percent from the previous year ($354.4 COVID aside, the $12.5 billion) dropped by 19 percent from the previous year ($354.4
In a statement on March 17, the brand asserted that “the decision to appoint administrators has been taken by the Board in order to assist in the restructuring of the business after the retail economy across the world has been badly hit by the financial downturn caused by the COVID-19 pandemic. ” 2020. ” 2020.
coronavirus pandemic, ?technology? In addition to general rise in demand for digitally-auctioned luxury goods, SCMP notes that sales in Asia are driving much of the auction momentum, stating that in 2020, “The number of Chinese clients bidding online for luxury fashion tripled.” As the New York Times reported in November, “In ?a?
In the midst of the COVID pandemic, there appears to be another – albeit less traditional – standout player in the “luxury” sphere: Pfizer. emergency use authorization for a coronavirus vaccine, Pfizer appears, in some way, to be the luxury brand of 2021. The Latest Luxury Brand?
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