Ok

En poursuivant votre navigation sur ce site, vous acceptez l'utilisation de cookies. Ces derniers assurent le bon fonctionnement de nos services. En savoir plus.

#Promiseconsulting #Luxurylab : As Global Luxury Suffers, China Remains A Lifeline (To Some)

From Jing Daily - Adina-Laura Achim, November 23, 2020

What Happened: China is set to become the world’s biggest luxury goods market by 2025, thanks to Chinese consumers spending more at home and less abroad, according to a Bain & Co. report. Yet, while the personal luxury goods market is on track for its worst fall ever in 2020, China’s insatiable appetite for luxury continues to drive sales on the Mainland.

The post-COVID-19 pandemic economy is in sharp decline, falling 23 percent from its 2019 size to $257 billion (217 billion euros) — a return to 2014 levels. “The drop is the largest recorded since we have been tracking the industry,” says a press release by Bain.

[LIRE LA SUITE]

#Promiseconsulting #Luxurylab #Covid #China #Luxurymarket

Écrire un commentaire

Optionnel