No price like home: Big spenders reappear in China
Tue, Dec 06, 2016 - 5:50 AM
A department store selling luxury brands in Beijing. Kering, owner of Gucci and Saint Laurent, reported Asia-Pacific sales were up 24 per cent in the third quarter as many Chinese buyers stayed home.
CHINA's wealthiest shoppers are spending at home again, roused from a three-year slumber by a weaker yuan, lower prices and a crackdown on overseas sales agents - a welcome boost for the world's luxury brands.
China's rich make up almost a third of the world's luxury...