Massive Retreat: Western Brands Abandon China, Pandora Closes 100 Stores, Gucci & LV Exit Fast
Massive Retreat: Western Brands Abandon China, Pandora Closes 100 Stores, Gucci & LV Exit Fast
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Recently, the Danish light luxury jewelry brand Pandora announced plans to close 100 stores in China this year, doubling its initial expectation of "at least 50" closures. The company is also implementing large-scale layoffs.
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