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":"08cdea43be8e3d2bc654f52d8b6a9d20","s":"0aa173936636fc90"}
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