- Luxury Daily - https://www.luxurydaily.com -

Consumers in APAC shifting toward sustainable, local luxury brands: report

The luxury industry has pursued every opportunity in China’s high-growth market. Yet, thus far, it has ignored this other market in the Asia-Pacific region. Image credit: Shutterstock A shift in Asian markets could see luxury brands’ fiscal reports become more grim. Image credit: Shutterstock

 

While Asian markets are seen as areas of growth for luxury brands, a new survey shows the region is shifting in a different direction.