Luxury brands surge in China

ReutersNewsPublished: January 17, 2018
Published: January 17, 2018

Domestic sales of Gucci handbags and Chanel cosmetics, sluggish in China for years, rose at the fastest pace in over half a decade last year and are poised to consolidate the gains in 2018, according to consultancy Bain & Co. As Francis Maguire reports, that’s welcome news for brands like Burberry which is struggling in other regions.

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