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In a confidential report titled "China Luxury Market study 2010" in November 2010, the management consulting firm Bain & Company noted the top three luxury brands in China are []], Chanel, and Gucci. According to the report, watches and bags led to the growth of the luxury market in 2010.
LONDON — China’s strict COVID-19 restrictions, especially with Shanghai under a two-month lockdown, led to a 6.7 percent year-over-year decline in retail sales of consumer goods in May, to 3. ...
LONDON — As China’s major commercial property developers release their 2020 full-year and interim results, a post-pandemic luxury retail heatmap begins to emerge. In mainland China, with ...
Across more than three dozen charts, top Wall Street experts explain how the stock market's outstanding two-year run is reaching a turning point as a new president enters the Oval Office and ...
In 2012, China surpassed Japan as the world's largest luxury market. [25] China's luxury consumption accounts for over 25% of the global market. [26] According to the Global Wealth and Lifestyle Report 2020, Hong Kong, Shanghai, Tokyo and Singapore were four of the five most expensive cities for luxury goods in Asia. [27]
Luxury brands may face additional headwinds in China as pandemic-related restrictions widen to Beijing, Barclays warned in a research report Monday. With around a dozen locations each, “Gucci ...
The International Monetary Fund (IMF) warned of a possible decline in China's property market. In a 2024 report, the IMF forecasted China's growth at 4.8 percent for the year, which is 0.2 percentage points lower than its July estimate. For 2025, growth is expected to be 4.5 percent. [115]
It has also taken a unique approach to succession, so Prada remains independent in a fierce luxury market where deals in Italian fashion are rampant. The 30-something Lorenzo Bertelli, son of ...