The China Edit | Luxury Peaks, Neiman Changes Strategy, Lvmh Rushes To Match Changing Tastes, No Slowdown For Armani, Burberry Surges - Fashion Labels

“Has Luxury Peaked In The Mainland?” (South China Morning Post) As China’s slowing luxury sector continues to dominate the industry news cycle, the list of possible causes continues to grow, extending beyond the macroeconomic picture and the government’s anti-extravagance campaign. Chinese luxury shoppers tend to be younger than their counterparts in the West and willing to spend more of their disposable income on luxury goods, but, as a result, they are also maturing quickly and increasingly shifting away from big brands, logos and other obvious symbols of spending. Additionally, luxury brands operating in China are coming under increased pressure from local competitors, “accessible” luxury … More

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