PARIS : Birkin bag maker Hermes is opening a new, enlarged store in China's Nanjing city, signalling the luxury industry's confidence in a strong return of Chinese shoppers after three years of tough COVID-19 restrictions.
European luxury houses have continued to invest in China, expected to become the sector's largest market by 2025, despite a turbulent year marked by disruptions as the country imposed strict curbs to contain the spread of the coronavirus. Hermes and LVMH both generated around 30 per cent of annual sales in China in 2020, according to UBS.
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Chinese take risks on black market drugs as Covid-19 surgesDesperate families searching for critical medication are being driven into murky online marketplaces rife with price gouging and fraud. Read more at straitstimes.com. opinion: paxlovid antivirals One or two Chinese out of 1.4 billion Chinese is insignificant to report. This is a waste of bandwidth...
Source: STForeignDesk - 🏆 4. / 71 Read more »
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Source: ChannelNewsAsia - 🏆 6. / 66 Read more »