but also successfully positioning themselves as formidable competitors to established international luxury labels. Once perceived primarily as budget-friendly options, Chinese handbag brands are ...

Luxury’s luster is fading in China. A sluggish economy, the austere political mood and the feeling among some consumers that ...

Global luxury brands are accelerating their exit from China, closing stores in prime locations across major cities as consumers tighten their spending. French luxury conglomerate Kering recently ...