China luxury sales rebound as millennials snap up handbags, shoes
Sales of luxury goods in China hit 142b yuan in 2017, up around 20% from the year before: Bain & Co report
Thu, Jan 18, 2018 - 5:50 AM
China's shoppers are the biggest spenders worldwide on luxury products, making up 32% of the 262b euro global market last year and propelling France's LVMH and Gucci owner Kering.
CHINA'S luxury goods market is back in fashion.
Domestic sales of Gucci, Chanel handbags and cosmetics, sluggish in China for years, rose at the fastest pace in over half a decade last year and are poised to consolidate the gains in 2018, according to consultancy Bain...