international commerce (2)

As the luster of luxury goods fades in Japan, luxury brands are expanding their presence and retail locations in China and other parts of Asia. It seems China will be the luxury industry’s shining beacon of hope.China’s 6 billion euro ($8 billion) luxury market accounts for just 3 percent of global sales; China (along with Brazil) is projected to be the fastest-growing luxury markets through 2012, according to consulting firm Bain & Co. The firm also predicted that luxury sales would grow 10% in
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As the luster of luxury goods fades in Japan, luxury brands are expanding their presence and retail locations in China and other parts of Asia. It seems China will be the luxury industry’s shining beacon of hope.China’s 6 billion euro ($8 billion) luxury market accounts for just 3 percent of global sales; China (along with Brazil) is projected to be the fastest-growing luxury markets through 2012, according to consulting firm Bain & Co. The firm also predicted that luxury sales would grow 10% in
Read more…

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