Analysis: Why China could become the luxury industry’s next sore spot
Inside Retail
JULY 18, 2023
As for accessories and clothing, Chanel, Dior and Balenciaga saw the highest increases in purchases in the most recent quarter. “However, given the wealth creation in both China and the US and a cultural awakening to luxury recently in the latter, these two markets should continue to account for the bulk of incremental growth.”
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