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Retail

China’s luxury consumption boom driven by women, millennials: Bain

January 19, 2018

The number of luxury brands with physical stores in China has ballooned in recent years. Image credit: Bain & Company

 

By Danny Parisi

China’s spectacular growth in luxury consumption recently is primarily driven by Chinese women buying ready-to-wear fashion, jewelry and cosmetics, according to Bain & Company.

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