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

Posted ByZach JamesOn In Featured,Industry sectors,News,Sustainability | No Comments
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

 

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.