Chinese Shoppers Overtake U.S. as Top Luxury Buyers

Vinicy Chan

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, consultancy firm Bain & Co. said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.

Read this article on the Terminal Request a demo to learn more

You might like:
  1. A L'Oreal Heiress Is Now the World's Richest Woman
  2. Ivanka Trump Faces Courtroom Showdown Over $785 Sandals
  3. How Electric Cars Can Create the Biggest Disruption Since the iPhone
  4. Uber Losing Battle in London After Regulator Revokes License
  5. A Storm's Never Destroyed a Grid Like Maria Ruined Puerto Rico's