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":"c3912ebb7e9967e8aaaf5e47fc0a2a0d","s":"31fc244c76506848"}
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