Tag
luxury market
Stories tagged luxury market.
Kerry Properties Shifts Focus to Hong Kong Land and Luxury Amid Mainland Slump
Kerry Properties is doubling down on Hong Kong residential land, acquiring three sites in the first half and considering asset sales to fund new investments, even as its mainland business slows.
Chinese Heritage Brands Gain Ground as Global Luxury Loses Shine
Local brands are winning over premium shoppers with craftsmanship and cultural symbolism, even as global luxury houses face waning appeal in China.
Global Luxury Market on Track to Reach $700 Billion by 2030
The global luxury market is projected to hit $700 billion by 2030, driven primarily by growth in the United States and China, according to a new survey-based report.
Ralph Lauren Reports 50% Sales Surge in China as Value Strategy Pays Off
Ralph Lauren posted a 50% sales increase in China last quarter, outperforming a subdued luxury market, driven by a multi-year brand overhaul and a shift in consumer preference toward value-oriented labels.