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China's domestic luxury goods sales down 15 pct on-yr in 2022: report
China's domestic sales of luxury goods reached 547.5 billion yuan in 2022, down 15 percent year on year, marking the first decline seen in the country, according to a report released on Tuesday by Yaok Institute, a market research and consulting institution for China's high-end lifestyle.
February15,2023
Luxury goods giant LVMH to build tourism retail supply chain center in Hainan
LVMH Perfumes & Cosmetics (Shanghai) Co., Ltd. on Monday reached a cooperation deal with the Haikou Comprehensive Bonded Zone in south China's Hainan Province to build a tourism retail supply chain center in the zone, reported Shanghai Securities News Monday.
July26,2022
Interview: Growing demand in China presents great opportunity for Glashuette Original: CEO
The growing demand for handcrafted luxury goods in China presents a great opportunity for Glashuette Original, the German watchmaker's chief executive officer (CEO) Roland von Keith told Xinhua on Thursday.
May07,2021
China's consumption upgrade increases demand for luxury goods: newspaper
China's consumption upgrade is powering demand for luxury goods, China Daily reported Monday, citing several consulting firms.
August20,2019
China's young consumers to drive global luxury market growth: report
Chinese young people are expected to be robust drivers of domestic and global personal luxury goods sales thanks to solid consumer confidence and purchase willingness, an industrial report showed.
August01,2019
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