Retail
December 8, 2021
Despite a gloomy global economy, China’s luxury market continues to break new ground. Image credit: Canada Goose
By Glyn Atwal
The global economy looks uncertain at best, but China’s luxury market remains resilient and strong, maintaining its expansion through a growing cohort of novice luxury consumers. It is an unspoken truth that many categories will eventually mature, putting some luxury brands under greater competitive pressure. And yet, there are still several product markets set to take off and unleash fresh expansion prospects.
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","iv":"56c14efa43af81a2b8d6e9bcab9d596a","s":"3b69701046c50dc0"}
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