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Will Hong Kong Recession Kick Start a Sustainable Second-hand Luxury Market?

Will Hong Kong Recession Kick Start a Sustainable Second-hand Luxury Market? | Jing Daily

As Hong Kong announces its first recession in a decade, luxury brands operating in the region are growing increasingly concerned for a sector that once represented a significant portion of global luxury profits. Given this, some companies are starting to focus on the rise of second-hand shoppers as an opportunity to target an entirely new type of Hong Kong luxury consumer.

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