Market data provided by Factset. ... Coronavirus infects luxury spending at Louis Vuitton, Ralph Lauren China accounted for 33 percent of spending in the global luxury market in 2018.
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luxury in China is a winner-takes-all market, a tendency best reflected in the composition of the country’s fashion market. As explored in our State of Fashion 2019 report, the vast majority of fashion-industry profit in China is secured by the top 20 percent of companies, creating a polarized market dominated by a subset of “super winners.”
Nov 27, 2019 · Louis Vuitton has increased its prices in China, Japan and the UK, with additional markets — and brands — likely to follow in 2020. While some analysts think the increases will be modest, Credit Suisse is expecting “aggressive” price hikes across all markets. Chanel, Dior and Bottega Veneta have also reportedly raised prices in China.
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