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":"7a9096a84e844bcdc7b007559cb89cc5","s":"3f199649addc8112"}
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