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How ultra luxury is conquering China

As the economy slows down, Gen Zers are cutting their luxury spend — meaning brands must look to alternative consumer bases such as the more mature UHNWIs. Image courtesy of Stefano Ricci As the economy slows down, Gen Zers are cutting their luxury spend — meaning brands must look to alternative consumer bases such as the more mature UHNWIs. Image courtesy of Stefano Ricci

 

By Lisa Nan