Tag Archives: brans

Global luxury brands again chase China’s young, rich and spendthrift

08 August, 2018 8:57 am 8:57 am

HONG KONG (Reuters) – Global luxury brands from Prada to LVMH are investing in China for the first time since a crackdown on conspicuous spending five years ago, focusing on smaller, less developed cities even as the world’s second-largest economy slows. Increasing spend by cash-rich Chinese millennials, largely unhindered by a crackdown on corruption and … Read More