News Snapshot:
Luxury spend within China to soar says Boston Consulting By As luxury reels from the effects of the pandemic as much as other sectors, there’s some good news in that Chinese demand for luxury goods is predicted to grow as much as 30% this year. Chinese luxury shoppers are focusing their spend on the domestic market That forecast comes on the back of affluent mainland Chinese shoppers getting back into a spending frame of mind post-pandemic. But there’s worse news for luxury more widely as spending on high-end goods is expected to be down 45% for the year as a...
