Prada

This week’s style diary guest, Suelyn Farel, knows a lot about how to always look impeccable.

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 luxury store will compete for affluent Chinese consumers’ growing discretionary spend.

The Chinese consumer profile is changing.