3 Emerging Markets to Watch in the Luxury Industry
By Ludivine Chotard
n the last few years, the luxury market has faced a number of problems: the slowdown of the Chinese economy, a significant decrease in European tourism following the threat of terrorism, economic issues in Russia, corruption scandals in Brazil, and the list goes on.
These problems can be felt in the luxury industry worldwide, with a study from Bain & Company predicting that the slowed growth in 2015 will continue throughout 2016. This context pushes the industry into a new [...]
Read more5 Key Factors to Succeed in the Chinese Market
By Ludivine Chotard
China, which represents 13.3% of global GDP, is the world leader in export and the top economic powerhouse. According to the IMF, it has been surpassing the US in terms of GDP and purchasing power since 2014. For the last 30 years, China has been experiencing wave after wave of reforms that encourage foreign investment and export, resulting in annual growth rates of almost 10%.
In the last few years, however, China’s growth rate has been decelerating (reaching only 6.9% in [...]
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