Asian brokerage CLSA put together some interesting projections about the growth of the global luxury market. Two things came out of the data when I looked at it.
- The degree of China’s dominance as the luxury consumer moving forward
- The importance of international stores to Chinese luxury purchases. It doesn’t seem to be just about Chinese tax regimes but is as much experiential. Many Chinese people have a real love of the idea of European cities like Paris and London, these purchases in these markets are part of that experience
