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LVMH Continues to Expand in Asia
(Source: LuxuryBrandNetwork.com)
LVMH reported a third-quarter sales drop of 0.6% to €4.135 billion. Before the favorable impact of currency exchange, sales dropped 3%. . . . keep reading
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Gucci Continues China Expansion
(Source: London Guardian)
Gucci CEO Patrizio Di Marco will not slow down China expansion plans, despite the current economic climate. The company just opened its 28th Chinese location and plans to end the year with between 30 and 32 stores. . . . keep reading
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China's Wealth Spreading Beyond Initial Boomtowns
(Source: Hurun.net)
China's wealthy have been predictably clustered around a few major urban areas with just five regions accounting for 68.6% of China's wealthy. But new data shows that China's wealth is spreading to second- and third-tier regions. . . . keep reading
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