Chinese to account for half of luxury sales by 2025

Date

November 16, 2018

Author

none

Source

Macau Daily Times

Region


Subject

Macau

URL

https://macaudailytimes.com.mo/study-chinese-to-account-for-half-of-luxury-sales-by-2025.html

Chinese consumers will remain the driving force for luxury goods market, according to a new study by Bain consultancy released yesterday that shows they will fuel nearly half of global high-end sales by 2025. Chinese shoppers will account for 46 percent of global luxury sales of an estimated 365 billion euros (USD412 billion) in just six years, Bain said in the study. That’s up from one third of all sales of luxury apparel, accessories and cosmetics last year.