As Chinese Luxury Demand Wanes, the U.S. Is Biggest Hope: ChartBy
Demand for top luxury brands has slowed in China. So companies like Burberry Group Plc and Gucci owner Kering are increasingly focused on the U.S., said RBC Capital Markets analyst Rogerio Fujimori. About a fifth of luxury goods are purchased by consumers in North America, according to RBC estimates. And the U.S. alone accounts for 30 percent of the world’s wealth.