2016 has been remarkable for the amount of gloom and doom in luxury industry results in general and in fine watchmaking in particular, but in a recent report, Reuters says that “China’s wealthiest shoppers are spending at home again, roused from a three year slumber by a weaker yuan, lower prices, and a crackdown on overseas sales agents â a welcome boost for the world’s luxury brands.”
Business News: Dragon Rising? China Luxury Sales Show Recovery Signs, Richemont’s Rupert Expresses Optimism
December 5th, 2016
