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2 hours ago · One symptom of China's post-pandemic luxury boom was "greedflation," the theory that companies take advantage of disruptions to push price increases on consumers.
Sep 16, 2024 · While in Shanghai for the China International Fashion Fair (CHIC), FashionUnited had the chance to hold a one-on-one conversation with Jiao Pei, the vice president of the event’s organiser China National Garments Association. He offered expert insights into China's textile industry, shedding light on current trends, market entry strategies for foreign brands, and the disruptive influence of ...
Sep 18, 2024 · The China-founded group made more than $2bn in profits for 2023 and registered sales of $45bn on its website. It is working on plans for an initial public offering in the UK, having been valued at ...
Jul 17, 2024 · The prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector's value in ...
Aug 26, 2024 · As a result, luxury’s outlook in the second half of 2024 and beyond remains unclear. In January, Bain forecasted mid-single-digit growth for luxury in China this year, following a pandemic rebound in 2023, which is starting to look optimistic. “With [China’s] consumer confidence going down, there’s overall uncertainty in the future ...
- Junjie Wang
Jun 23, 2022 · China is currently quite challenged with its zero-COVID-19 policy, but we don’t know how long it will take to get recovery here. Let’s hope for the best, because that’s going to be very important in particular for the luxury part of the industry. Europe is currently doing better, because we see travel coming back.
Feb 18, 2023 · Just 12 per cent of its production for the 2022 autumn/winter collection was manufactured in China compared with 27 per cent in 2020 and it estimated this will drop to 5 per cent this year. “We ...
