The luxury Lifestyle blog (the home of luxury Lifestyle) presents China may double luxury sales by 2015.
China’s luxury spending may more than double by 2015, surpassing Japan to become the world’s largest market for branded goods, according to McKinsey & Co.
Sales of luxury items in China, including clothes, handbags, watches and fine jewelry, are expected to increase to about 180 billion yuan in 2015.
The 2015 estimate would be equivalent to 20 per cent of global luxury spending, the consulting company said.
“Even with the proliferation of luxury stores in recent years, China is far from reaching saturation,” Yuval Atsmon, a principal at McKinsey said. Via Bloomberg
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China’s luxury spending may more than double by 2015, surpassing Japan to become the world’s largest market for branded goods, according to McKinsey & Co.
Sales of luxury items in China, including clothes, handbags, watches and fine jewelry, are expected to increase to about 180 billion yuan in 2015.
The 2015 estimate would be equivalent to 20 per cent of global luxury spending, the consulting company said.
“Even with the proliferation of luxury stores in recent years, China is far from reaching saturation,” Yuval Atsmon, a principal at McKinsey said. Via Bloomberg
Western luxe brands turn to China’s Twitter, Weibo
YSL’s Manifesto Spring/Summer 2011
Louis Vuitton Men’s S/S 2011 Ad Campaign
China’s middle class stampede for luxury handbags
Blake Lively for Chanel Ad Campaign
Miu Miu Crystal Matelasse Bag
Save and share China may double luxury sales by 2015
To share this post with your family and friends? Click the button below to send them an email or save this to your favorite social network.Source URL: http://extravagancedeplumes.blogspot.com/2011/03/china-may-double-luxury-sales-by-2015.html
Visit extra vagance de plumes for Daily Updated Hairstyles Collection
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