China’s abundant ditch fancy high-end as worldwide sales stall, states Bain

China’s abundant ditch fancy high-end as worldwide sales stall, states Bain

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PUBLISHED : 18 Jun 2024 at 18: 41 FILE PHOTO: People stand with Hermes shopping bags as they wait at a traffic light in Tsim Sha Tsui, a busy shopping hotspot, in Hong Kong, China on Dec 5,2023 (Reuters) PARIS/MILAN – China’s wealthiest individuals are preventing showingoff their wealth in favour of more discreet style, according to a report released on Tuesday by Bain consultancy that anticipated the weakest worldwide high-end market consideringthat the height of the pandemic. Global sales of individual high-end items – covering clothes, devices and appeal items – this year will be inbetween flat and 4% greater year-on-year, at continuous rates, Bain fo
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