The Wall Street Journal

Chinese, Big Luxury Consumers, Are Now Buying Luxury Companies; Chinese companies have previously struggled to become major acquirers of luxury brands

Chinese, Big Luxury Consumers, Are Now Buying Luxury Companies; Chinese companies have previously struggled to become major acquirers of luxury brands

  • February 09, 2018
  • min read

The Wall Street Journal

Chinese, Big Luxury Consumers, Are Now Buying Luxury Companies; Chinese companies have previously struggled to become major acquirers of luxury brands

The Chinese are the world's biggest consumers of luxury goods, accounting for nearly a third of all purchases globally, according to research from Bain & Company. That includes purchases at home in mainland China and overseas, where they splurge on shopping trips in fashion capitals around the world.