Chinese Luxury Market To See “Solid Double-digit Rebound”
The Chinese luxury market will grow at a mid-single-digit rate in 2024, according to a report from Bain & Company. “Solid double-digit rebound is commendable,” said Bruno Lannes, a Shanghai-based senior partner at Bain. “But China’s luxury market has not fully recovered to its 2021 levels.” “Uncertainties remain regarding the speed at which consumer confidence … Read more