China’s luxury market has proved “unstoppable” this year even as the coronavirus pandemic hammered global demand for expensive goods.. That’s according to a report released Wednesday by ...

China’s luxury goods market is poised to recover this year after Covid-related lockdowns waylaid a five-year growth run in 2022, Bain & Company said in a new report today.

The best-performing luxury stocks, meanwhile, include Hermes, up 38.6% year-to-date; Moncler, up 35%; and LVMH, up 32%. As we reported in a recent Investor Alert, these gains helped Paris, France ...

LVMH and Kering are expected to report another drop in quarterly sales, deepening investor worries about a prolonged downturn in the $400 billion luxury market as brands face the threat of hefty U.S.

Luxury goods sales in China have doubled in two years, to more than US$74 billion, the global consulting firm says, and the country will have the world’s biggest market for luxury by 2025.

China is an important luxury market. Bain expects these consumers will account for 46% of the global luxury market by 2025. But 2022 was a blip, owing to COVID-19 restrictions.

Bain believes China’s personal luxury market can enjoy low double-digit growth again this year. Much of the spending in 2021 was driven by online and duty-free shopping, particularly in the ...

Consider this: The country's luxury market is set to hit 816 billion yuan, or $115 billion, by 2025. That's a quarter of the global total, according to a February report by accounting firm PwC .

China's luxury market is double the size it was in 2019. Sources: The Wall Street Journal, The Business of Fashion. Though China’s economic growth in 2023 was at one of its lowest levels in ...

SHANGHAI (Reuters) - China's luxury market declined by 18% to 20% in 2024, marking the end of a period of "exponential growth", with sales expected to remain flat this year, consultancy Bain and ...

Last year, China’s luxury market shrank by about a fifth from a year earlier, consulting firm Bain estimates. The industry leader, Louis Vuitton owner LVMH, said its fourth-quarter sales in Asia ...