China will be the largest luxury market in the world

Bain predicts China will be the largest luxury market by 2025. This is after Chinese spending has doubled in this sector between 2019 and 2021.Bain states that luxury leather goods, fashion jewellery, and cosmetics sales are on the rise in China. They will surpass all other markets within three years.According to the consulting firm, more … Continue reading China will be the largest luxury market in the world