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China is the biggest driver of global luxury growth: McKinsey

August 21, 2017

China will soon have more millionaires than any other country on earth. Image credit: McKinsey

 

By Danny Parisi

China is rapidly becoming one of the most important luxury markets in the world, with more than $7.4 billion in luxury goods being bought in the country per year, according to a new report from McKinsey.

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  1. Bulgari names Chinese actress Liu Yifei as newest global ambassador
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  5. Dior, Rizzoli to release book on Lady Art project
  6. Savannah College of Art and Design debuts SCAD LUXE research center
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