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Sociedad Textil Lonia has acquired the Christian Lacroix brand, previously owned by Falic Group, marking a new chapter for the iconic fashion label.
Hainan's duty-free spending dropped 29% in 2024, impacting luxury brands and posing challenges for China's tourism recovery.
Walmart's Birkin bag dupe has gone viral, raising concern among luxury brands about dilution of exclusivity and authenticity in fashion.
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