Chinese Consumers Tops in Love of Luxury Goods

Dec. 12 (Bloomberg) -- Bloomberg's Sara Eisen reports that Chinese consumers have overtaken U.S. shoppers this year to become the world’s biggest buyers of luxury goods, accounting for 25 percent of global sales through purchases at home and overseas. She speaks on Bloomberg Television's "Bloomberg Surveillance."
TAG Heuer to Shut HK Store as High Rent Weighs on Profit
01:54 - Hong Kong’s sky-high retail rents have claimed another victim. Swiss watch maker TAG Heuer is closing one of its outlets blaming rising costs and falling sales. Bloomberg’s Anne Kruger reports on “Asia Edge.” (Source: Bloomberg)
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