The established luxury brands in China have hit the perfect storm. At a time when Chinese high net worth consumers are tiring of status quo retailing, a government clampdown on graft and corruption is pushing buyers even further away from the flashy logos they once coveted.
The established luxury brands in China have hit the perfect storm. At a time when Chinese high net worth consumers are tiring of status quo retailing, a government clampdown on graft and corruption is pushing buyers even further away from the flashy logos they once coveted.