Consumers are losing interest in high-end products from heritage European and US firms, opting instead for domestically produced jewellery, handbags, clothing and cosmetics. When Bernard Arnault, one ...
BEIJING – When Mr Bernard Arnault, one of the world’s richest men and chairman of LVMH, dropped by Shanghai in September, many assumed his itinerary would be routine: check in on Louis Vuitton, Dior ...
Chinese luxury labels are quickly catching up on home turf, beating global names like Louis Vuitton and Gucci as more shoppers turn to domestic brands with better prices. Five Chinese prestige brands ...
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To receive the Vogue Business newsletter, sign up here. China’s growing prominence, coupled with an increasing appetite for luxury, continues to carve out a high-end playing field for brands and ...
Luxury retailers say they've been hit by slumping sales in China. At Burberry, they fell by 21%. Bain analysts reported that Chinese consumers had been avoiding some purchases because of "luxury shame ...
Your browser does not support the video element. Demand for luxury goods in mainland China is falling. The country's economy is slowing down, and some shoppers are ...
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