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Affordable luxury handbags
In the July /August issue of the Luxury Insights China report, we included a piece explaining the Affordable Luxury sector in China, a growing sub-sector of luxury that has benefited from the slowing of the economy, and the more selective consumer attitude to spending. In this issue, we consider the affordable luxury handbag sector i.e. those bags that in our view are still expensive enough not to be fast fashion, but not so expensive to compete directly within the main luxury market. …
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