Friday, September 18, 2009

China's luxury market to replace Japan - Shaun Rein

shaunreinImage by Fantake via Flickr
A very optimistic Shaun Rein expects that China's luxury market will replace in size the Japanese one already by the end of this year, he tells Bloomberg. Especially the Chinese women have been moving up in the picking order for the more expensive goods.
Regardless of their disposable income, many Chinese still buy big ticket items. Rein: "The Chinese want it big".
He singles out a few foreign luxury brands that have been doing well: Ports, Louis Vitton and Gucci.

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Shaun Rein is a speaker at the China Speakers Bureau. When you want to share his insights at your meeting or conference, do let us know.






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