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Discrete is profitable, and fashionable
If you have already read the Fashion and Accessories section in this month’s Luxury Insights China, you will be aware if you weren’t already, that most of the big brand names in China posted results for Q3 that were lower than predicted as consumers apparently voted with their wallets. The reasons for the slow down in the market according to others and us is as a result of the general caution about the economy, and the recently completed party leadership elections.
The party leadership, at least at the very top is now defined, so one of the areas of consumer concern has been slightly negated, although…
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