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Despite fears of a global recession and specters of a trade war, the luxury goods industry has had a positive year. While the broader industry prospers, the handful of luxury brands with Chinese parents is facing greater uncertainty.
Luxury shopping is back in vogue in China, with sales growth increasing year-over-year for the first time since sales stalled after Chinese communist leader Xi Jinping began its anti-corruption campaign in 2013.
Burberry shares have dropped by 25 percent over the last 12 months and the company has been struggling with slow revenue growth.
High-end retailers’ Chinese New Year promotions are attracting Chinese consumers with impressive purchasing power, but retailers are not getting it quite right.
The German luxury goods manufacturer Porsche Design offers a range of high end products from purses, handbags, executive cases and luggage to sports clothing and shoes. They also offer watches designed by themselves, but until now these have been manufactured by third-party Swiss suppliers.
