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March 28, 2026
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Retail

China’s inward turn may cost Western luxury brands overseas

June 16, 2020

GlobalWebEx has found that Chinese people are the world's largest demographic of luxury buyers. Image credit: GlobalWebEx GlobalWebEx has found that Chinese consumers are the world's largest demographic of luxury buyers. Image credit: GlobalWebEx

 

By Dianna Dilworth

With borders still not fully open worldwide, the largest group of luxury consumers is staying home, spelling trouble for Western brands.

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  1. Mulberry to resume ready-to-wear with new creative director
  2. Panerai docks in Osaka’s Hankyu Umeda department store
  3. Disruption is focus of FT Business of Luxury Summit May 20-22
  4. Chaumet expands environmental efforts with WWF France partnership
  5. Boucheron opens first flagship in China
  6. McLaren teases launch of Golf line
  7. Natural Diamond Council introduces World Diamond Day
  8. Belmond announces summer debut of rebranded river cruiser, Marguerite
  9. EssilorLuxottica, Dolce & Gabbana extend licensing deal
  10. Cunard enlists stylist Micaela Erlanger for exclusive collaboration
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