Research
June 1, 2023
A shift in Asian markets could see luxury brands’ fiscal reports become more grim. Image credit: Shutterstock
By Zach James
While Asian markets are seen as areas of growth for luxury brands, a new survey shows the region is shifting in a different direction.
{"ct":"7TwnbbjfNyJA+iX0s8at5tTNg96ZN9DxrLVWM9NR1WJoQr8DxSDlwbU\/HdY726I\/0WFW2wMjh+cGZN2+Bf8rX229lFh7VluxhUJyDRxkgk\/WeztMxFIJDRMKzM1olxB2WMx9HWa8Tg46B54xvHkCVKTFSpuzYl8tC9NN6lSH4VwvLxfpPs+7RK3O9iayrcgoj31FC4FEaB0So50wK66w1vnqVflriGf2AToes1HFUyLCd5Y3YUQDCkvKyJSBP+6XIkkYR2UMDvPxuVt0qyBGCjzTOd0\/\/FqUsSkE\/F48ga+BP84cXVKLhpVEIs3ku1s6W60oxkn6YReq3k9UCa2qD98vKGj29xrm9eGmgzbWHH+LKwxmdNcIQi1lQsMGVn1SYc7uNpc9I\/lvqeMkdmxcRdVN9pYGYErqKSBvR8gMxA5l7z7DxL0sxAf7nI7gsmur2RtDVCLQSRgi9bjL1TbFeEXdW3bZ3wOhjdR8t4CXod45hYdurYluJYMyBGXiI\/jEJMEc+yIG\/84ME+fwh071P38uubtKxiOOwAv5KvXoLi0\/heQhSIq0HacIUQ0dflKX+BGZG0Chq79QDe+9J9fXa\/gVFLIuddQueiJTTCSbEoaI\/mknxikHJMM7ju5jHCzWAcrBxBRTDCYCuKZELUKi8Z2amzwYpEu\/KjVTjYvGzMK1HSJkq1J\/dNDQzuKSfp8ritlTZyIPU28QZOkgnIcfZCac2wtDkIwUSpI1MZtpJciwsSk9CnGQyR8yf30377P48T1\/epQ2lV1mWd1dR9gnTYUxjZcdNzoYue\/Vbu6ZeTMiBywebac9wShPGq7+\/Oiy7awj0gVDbLe5NK0ptcjGL\/YlhTiBX8y5Dhu6PUpOyqdHKw37QnPMNguriePI4upeonbzv6RQuiByZKhIuf9jK+0OgGF7upAFsenUbf0NqYO3zXXn1jnIVRrFgUQcThbFh3UNhf2DpM7igWa8jGzvfB379yqSnbbL5AOAbuNKv7T4IhDR71ig12HIwPG8eQbJnTzid\/\/pretvLLSq6\/QaEZLBVcVX5cJLmYpa8RJJFyEAgyoW1fFV4Ql17j3p8dAVvVCiKaOkK0eZJhRdVoPMEdrNXx0CrJemyFoIT+eLZhi7DJMjV9WUr7mxuMQcUOfhg0nLyTfCyuxzu+OJ+e9RyR1pPftb7GPgziOj1sSUcOFIB7azkUGXbqQklaiJdWARnxTykihdkTy25mgHSELE\/PR+5hWZXuj72Lk0HJtfd4mOlRkaMUIYm1D6xnCvWsbB1587kovpBNkQbgj0OPoiCzzXtFsC55AK3gcFsz2aBO95fNsMtJgeScPk5XFjgl+v+WyjA3wVZOQGeTadI\/kA39yguZEj7\/13HCnUkE9dwiXMFIIdFraz\/7mjVUkqa6dpd93kwxqZXm3bYRQ8QCvy4f9AGAL5GXnCQO2yNfYXVD9Vy6Oq3bpyfZGeiM14MIavsvLcMLZ0OXluR5+AE5CK08W5IA7Gc2eZ0Gl7k7Uz85IvWwFXHl22EzZIJYvWZPon3b8YPwuLuxisBI54HsmdpP1SFw9hOUC2YC+4sKaMxaOFfTXXEM1e53k22x+GmjUENuWpYlkFydsYv9XAB+YcwmwmemJXC5Dg7wG\/RTSJ1MRg3PDZF1yE2DLzV83k5E8L7ZWF6CFaTAdTBR6ccrSrv86SRwNd2ZE1aLbnAds77DVkY7a9xTfORv\/ijcq2R65yJCq\/eXjWO\/3gbcm6kkbSkKEqpkT3Tl\/R6oel73jHmc0bWLfKodv2UNb4Z\/dQ5P64J5fuk4KW502LI+iYmc65ksqoBhMlW7llXVgHlF2HzMosrUE4drVzGpvC20AN4hA9lKwgoZY+kQNJuNIBay3xjnzWcV7fcsv5\/NF1iM8JhiyWi8TtyJa\/vIqzxeodo31j0IybV5qKm8YZFdp5kzAtcxU4qK7RiSuFzDhvXPJZr0LQPLhdkK4ArU9fG0RzWFMnsw7xiLGbm2cbBtTpp7T6lg0auS4NyAY1hfGAiTysV7cyvc+bTaC00PBfUQnk558xzUufXBpo6qEsp83Bczipjklvh\/OHWCfjWO6heQcQ0+1nNEtJKgzO0xxSOhe8oimudP8guTK3UtapWtNPWJvv6Rq9+gDCt7ChYR5GryHzAcNpkdJFAQfwZdE1HLHBmV9L5g6+gr2uu2bTHeQXMQzSWnpY42hNiCxxh+\/kB4sPHUel2xXeYUUXP6lB+Pn8A5zAMLMAKvXVjdy5b1ZF8ihQ4uVTDGLgnFZkPSqzZ8AREeLVjkjmxWnDxT5ro2TkGTzAN5H1apQrCDv\/73KmLfSoPEaDDFBrsVFnjcPezcZsHs3PfoOdJDIPwa2GL\/GeRXZIYRTe4NdNX5RNKAauDkf3X54028RujOFxl\/otDA1JiDwn8ldf5Qayo6DqHwHWnPgRcYCelWk6Ce9E0bhMcQ9KsHTiS9VGPILoaqU7LygdZVnCNvBCyrP0x1RkJHTKnGsZoBjY8jlBRxC2Em3gtvckC0YQuDWGOx5Eqnm893wD8aUS+B4PCGn+VS0GSIRUwOw0dYUx+luo5xiKzX3tbr+bGNQArxZfc3LyyhtpJlkjGA3XNq04reXZlKkVNaMIOick3DJNCpfHDZKWbBV9+inStiuSyCUcXYrgvyoDEXnUD5Tkh0SSUCdEbl\/Vc2Pfv6IkSEcWO+D9bUukp5OGgama7Lr0i5n\/ZEMnHfA6dWWUTI1kzQonEoQ5LDLaEzaAp\/m3oTg08isyRcanWCJsCw7MLJSyDCXhe+8pBzbyxPkF60tpDIdvI5OsDY003bmKLTORXjM533DT2P1LWIzatgknQG7KvPB4SLKEEVuEQ9cebyIRCJ0Th9iVAx9\/nhfqEqVvk2H+ujl4xgWIBLUnISLRLcsGazTS27hLbSDUrVz\/9aIILuuIfg6a1Nxhp4ECCFcCZ79YzcpxmIT1hwVKldZFy9SYRjoLHKkmeDKurU3WSSoxurCH\/A2W2cr00rWBjSrO\/g1bPXIuvcHVm7Ea8p1ofUQTQmOlOxgXyYIwkMdyl7SZRnw5lHGogZLEEXqhKT8\/6AzlVaCMPl\/yiNcJjg2nkB0hBKcLdjG1MI9zB50gpG7Ieb6km3VD8X\/5CwAJkQEqcM8T2Jv2iFimuNq9czO3mjYIcBXq1DdYLZBnOdWcgYXkuFWqhpKt46z4AJma\/Lc1D2hVsrGIm3TlZsjPWYtGxrvHHq+Ridoz1WmC2rP6yFaZWrp2CDWzP+SmmTtI2U7+QvSZiWEf1QVu6U6Xdb47xB8ksCQg2wclDexA8UJ+xHdCRGMNFy9CyBEGr9D041JZOfP6IicXBNN\/KqVWIaWcERMy6INKJX0p9iFDYtpgaDh6LEyJVnEPBMLnLxZAQdTDPY5Kfiz7C5mM2YbmjjZVCIAqFSyTaWpy9Nw9CnrCgGwu9\/PUOsKCN6qQIsqP4uQGIzuyG6L4agTx9wyN8uMWDnEpCMbf7KHy33jjxtLR5CxPchUgnZb2viD1itw\/e++cWC48R3rkc9EI7Znac8on2+Nd+jteQw1y1qWMvxg6h0IvTyZlN81PR4bd59+X1JT0OwpUK0TWbPLmaHMt2Z2dc5AI\/RFdr\/vX3\/b\/8W8k0Gxal1jru1ID32eBSbCgOlVhyOT+nOiO3gH1W0Ds9vxU19mkCrjdKSLBncbgwdUjlKh81PU+rNPn7U7xt7ZE4536R+HpuxHbAR\/uGCxScYh0lzdDKV0RXJTDCRHCb1ClV7q7J7CeDpcmlzyZd+JrapyrjBpz9yii\/E2JUZ8n4ev2oDA6aLi7b1mAnPnvby99bR8v8Oe339jXaS0q3VwpCchlsBZld+OzHdOZSupQldzNOGFLeD88XsGN+kZnGNnsugezW5SxLs6YaD8Hd0fSomrlrdUjgYKNujFUala6OrlUVgWohfr4RfF2RywSbjE1eVGJ5qC030ORa9pFUxJkrLVyiT6TU3qXRADZmepNQSc52dQrlmGG3w0rpmSQ+CRBHp1rFNBivFMKWuo67x+CoFvGakRYpQNu9sowtFM61NW7lxEqBbg9o8megmdid2fJueErSbyw0ZKGNRnlO1O+ehOgOK670xKwD6+G70Xig+bKP77zyMLpGvK7fryN37reOoESzS1OL0dvsYHRNH5C0ySHFO+vD9SWKxIGltjgAmtWgRly7ce831sWRmBJLMMpdpPkW+z1xYQA2AP227dWbWzP\/aY9jtfeJAWQ1Hc3J+Uc6VAHB0LmJq6pFPDbYCxKSRk8qfW0O824dxGB\/3B6t9hAwtt7KERblSUvhWK+Bc1DP4EDcAG5OKhzE1Y6HENkzqHvgwIgaunxqJL97cLegGdRbgGLGj5K5sooH9xI7WHQaztRNKYgz3yW\/j+zyg8r\/KujkQRay8lNCYqriwDteZ\/i21WzufflayoBOvGV8dgOvDj+fmG5tsAOzYlnjbcSEeCLfbbxPljRHMt\/zM9e463L6JTQiORRK7Q7pAYT0IKaBxjw8iNKup7wObzzN5cbUY9wf\/QwaE71gfNrKEpgfmKggz45iieLe6723qvY6mVcNsQWBp6PD8uvLzv1t1wJZ1zz+D4m7xJlYbBzWWjWfs4MXOrc5992\/9KJniy3EXrwtg7aKCdPLNEtS0Q46MN+QStP3Z03pLJerEuPWtV1D+Ughba0hnkMIAxT8LH52u\/PshWnL1EdDnib2lfe7zXzhQiyspMdA7AoISHbaI32QmPPbjDpyhHDS2wK26EMsd3neIETyw74Ue8kKKQ5XuL9dZ4gvtiij8YlQaQASMNYymdYAgnaEcsuXmRf6JPc+tSqKgvzDNtDX9RI7SqcYgs0TheaLWTD0YNKdyxBK3KzsEQ0hXtJFXoIC35BeuCGUcVt1TTl6gJa1rUu+MW3h1qxlr6q77h1PQMCfCPYivmK0EcpdNKOXqSYqGp\/ChyTAqdgawrkT7sWqnuwth6AGrUm5Pi4YBRw7jgVa64OyL+CWvlTznsAdmKOfj\/4W9uYYb8CLTzdwS17yYVMLF04cuEh5HA8pXsB+TNHZHi6uFV6ckp1Q0yFNocADjZHhVucdLsCV0u9c9EPH+yZGW0G1OKSRnUUYr0fVLWdneZv1mJY0wd2nZgehAnslUuwRkdrcX9QXoDN3YjW1Kc7G2oWSJIcEXm\/IKTaQ3Uy6agoej+MDGtVtWBSXRLo9v6vsbcYkBXqwV+sU4BfeomWCMEHC9D84z1NYMp21BNAy3d5A2d5HSS6lT0dwGWkPPEjxA1otgfn+8qn6eAcS2199ri\/VtZlZBnoHTBPJZR9cD0nFnXsdDV+Mxn2fd5d2Fkk3bxEnOJpfSxU0CopfygE2qAYWK6fXzujYaXCU7l3AfASqzzYRXrNAz6WuGLCKijXucafyK7+29gtzB6eG0QMsM\/4ODTQwNLQPkwWPg8Ok4TBmz9OJPJf0uE6fBvEBZCphDxIhH3J7SyPF6tzsy\/VsM1kTevGYTjREdxuqA9qv1\/D8Pap7qcLITbwkIq8+VSlm5+zYj+C3Yx9\/cIH5heVQ8+7AfP9bDTtN4pONipgynAA8Zj7A3nVrK1PFLe\/fgds9kRIrNvCYpHZWJVD9K25nbidVcWEwEPKDeB4Q48edJQ5aMQeMrEBUhn\/fF\/DaQVRFOULagTZVjkTeJqCWutFRL0fUJbXl0xNIscrcgKFh8fNtClNFrxVtmgyk4pb4GCoTOOGHnVhZnMrpwCJUl5wuNTyRKZaPOOOJhmpshp84bZv7vjcI1dgd8gmJ8ZHIgPSrJE5KVc\/PV9SN5N1hlgkNa1mFIEXt+xbrKUirOnQfwer3o9p2xMfJlTQcyf0HUE6G1qS8B3+ZXnnnIJROqlcaIq4l8vwzSk3HX++hrpHVoAyyyio2aDCWE1HMXWdMNvzwelS2IxWBtJZRa8CNY6G1q0h5lYRt2vfgA0zl3UYpv1oON0ZyRgRn5MAcPHWnIYRE3K\/kG\/SWNbKVUFYTMtyemdISBoAlLTtHyhUuS7UvjUf9PKfol06RZRnQmpDxNcYg4q33LBYs6S\/kQn3QpEslf9cGwnyOVf4wqMaFA3b4W\/7ndsrSwTo6horqNFzcbKYEF5X2jNLn4rsZfCl7+hIFdlSdzgwnKd5PS4hjCIwEOCWfvEaVZ3xPqCbH9f89usS5ylXjnSOf1mIUX\/dQ27xlgX4Jd2Atrm6HDZ6Kd6xH46cNvwtpu48YwsURuzonJ5CsYklvxuwowgAbpFH3Js0w3nG+idWjwkQ4TxVaO+WJHHzwgafJloZXM2CEXKfczSu+SYLbWzBLdkdOsHF2qqsTkn3H4svJWzFQvF1WmF46D9WXTKONbobGBCVKBOQlQ3lWUulH6HUJGyARs65HQmSSmK4O0vGIHyFRDzbbZAg7rh\/xTT6xBtZJOtq9DJ2VqkNbxOxm4G7qd\/O\/P6TlLwbovWmVRnCDDkLL57jcvRv001RVmzfQyR7o5NmVDIkkjAnsVkyKa6lXC6WZK0CfLFEsLFIP7hmthuoLNRvIIDmne60+hmPyvSWPBvC5bZoZdqHLlrBASlZxLfOBJ6SAaaLF0XEGKWczoy2N8iqMWX2sgCG0Lwp2cNvAFYsJysoiNLmB1OQuyoZUnM9G9P6DCp6gQ9vPLFHR55MH+ohbnmMG1e35ca670ZGN79hAy9sT\/BzLE2\/iWLwmKWSNFO92doqs1BiMybqLXQaVvxGXY4s1+0Btnlz+j4hr0NCnx4rYRmkETr3JTzqce6NemGjwL3aE43fiiDVgi00LHvyHK62XUhfBUqgt1zZ\/buyzc0ZWHwtRKcosn\/x3\/0N\/Gw9a\/xchOwqp3Cttl4Pl1XguUmnZqIFdmjZNJugMq1lRuSMbzoTEGTGsxUJXyz+EzwGI0ESxuTBy\/fdVtw8newa60kgp2bY31Xp6kraSKf++w8g5mEig\/8U9k7UaqnPZZ17oOf3d8LLICjRCYHtnD6XoV7ZEdB8Rx7bF1ihLJ+u5LYd4n8ISlNzyUzCMfgY17mEB4QxwgFbZ7fV691ZwVzAQ22gxbbOqI2HPwEtTIiZvBiuey+\/x3QrtLMgc0+bLo1ahbG8HKxJ4FYxH4mUAvbK84mqjxVA7TzoLAuX7kj80i4jOYMeqdSZ8d3Ri7TGi3kwa1d3HY3cqV6ohJE=","iv":"3235cd6895760b8689a9754bf5aaa125","s":"cad08292b54d6ea7"}
Share your thoughts. Click here