Business & Finance
As the growth of China's luxury market moves into single digits, those searching for a single cause must look beyond the government's anti-extravagance campaign.
As the fashion market becomes more competitive amidst a slowdown, brands must pay close attention to Chinese consumers' evolving requirements.
At the recent Bespoke Luxury Summit in Sydney on May 16, Jing Daily sat down with China luxury experts Regina Lam and Lisa Chang to hear their thoughts on how far luxury brands have come in China, and how far they have to go.
As first-quarter earnings reports roll in for luxury brands, the news is not all bad for China growth numbers.
It may have reported a net loss of $15.7 million in the three months ending this past February, but that hasn’t kept high-end audio-video company Bang & Olufsen from setting its sights on expansion in Asia.