China's luxury market is too diverse to be thought of as a monolithic whole, argues columnist Michael Zakkour.
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 first-quarter earnings reports roll in for luxury brands, the news is not all bad for China growth numbers.
Compared to other Western retailers that hit the Chinese market early (some of them now with hundreds of stores across Hong Kong and the mainland) Marks & Spencer is something of a paradox.
In the midst of a global economic downturn and unfavorable currency effects in Europe, French luxury goods company Hermès reported today that China's market was its most dynamic area of growth in its 2013 first-quarter report.