The downturn in the luxury sector will show no immediate signs of improving in the first half of 2025, according to global management consulting firm Bain & Company. The China Luxury Report warns of a ...

China's luxury market declined by 18% to 20% in 2024, marking the end of a period of "exponential growth", with sales ...

The redesigned House of Tin Baron on Thailand’s Phuket island includes a Louis Roederer Cristal Room and fine-dining Italian ...

Amouage, the Omani House of High Perfumery, expands its global presence with its first Asian flagship in Zhang Yuan, Shanghai ...

HONG KONG -- China's luxury consumption downturn has taken a toll on Hang Lung Properties, a major Hong Kong real estate developer with heavy exposure in the mainland market, especially its ...

China’s luxury market sales are estimated to have plunged as much as 20% in 2024, the steepest since at least 2011, as the country’s economic slowdown dents consumer confidence, according to ...

SHANGHAI (Reuters) - China's luxury market declined by 18% to 20% in 2024, marking the end of a period of "exponential growth", with sales expected to remain flat this year, consultancy Bain and ...