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luxury goods China
Luxury Goods Landscape: China. Infographic.
Benefitting from a fast-growing middle class and a fast-developing distribution network, sales of luxury goods in China have consistently outperformed the global market. Sales of luxury goods in China tripled in value in the 5 years to 2012 and by 2017 the country’s luxury market is set to double in value again, according to the … Read more
Chinese spending more on luxury goods for China’s smallest
Gucci Kids, Burberry Children, Armani Junior and Baby Dior have expanded in China’s major cities and become the drivers for luxury spending in China. Wealthier Chinese consumers say they spent more than 376 euros per month on luxury items for their children, a significant 40 percent rise over the previous year, according to Hong Kong-based … Read more