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    China’s luxury good market – down but not out

    November 26, 2014

    “Bain reported that during 2013, sales dropped and year-on-year growth dropped from 7% in 2012 to 2%. The categories with the biggest slowdowns were watches and menswear, whose compound annual growth rates declined by 11% and 1% respectively, two categories that have strong ties to gifting. An Economist Intelligence Unit (EIU) report estimated that China’s wealthy spent 15% less on luxury goods and 25% less on gift-giving in 2013 than in 2012.”

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