Although many luxury brands started to reduce their expansion last year, it appears that the Wuhan luxury market has not been badly affected. The second LV store in Wuhan opened recently reflecting an increase in the number of first and second tier luxury brands that are enhancing their presence or entering the Wuhan market now; an acknowledgment of the purchasing power of the local market, which in return, will improve and enhance the format of the luxury market in Wuhan. …

The full article content is only available to Luxury Insights China subscribers.

Share/Bookmark