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  1. Death of the agency model – and what replaces it 
  2. Luxury brands build demand. Associates build loyalty
  3. Richemont sales up 20pc to $7.1B for Q1 2026, buoyed by growth across lines and regions
  4. New challenge for brands: Cost of running AI at scale
  5. 5 steps for leaders to unleash their team’s strengths
  6. HENRYs, while not self-identifying as rich, see themselves as connoisseurs of high-end objects, experiences: report
  7. Hermès, Brunello Cucinelli, Mytheresa, Bain and McKinsey win Luxury Roundtable Awards
  8. Why 42pc of luxury brands are stuck in pilot purgatory
  9. Growth that works today is not always the growth that builds tomorrow
  10. High-end US real estate market defies single-price threshold: report
Comment

China

Experiences, quiet luxury, travel big for Chinese millionaires heading into new year: study

November 14, 2023

The Chinese wealthy and UHNW are key to luxury's global growth. Image: Shutterstock The Chinese wealthy and UHNW are key to luxury's global growth. Image: Shutterstock

 

By Staff reports

The old truism in China was simple: the wealthier the person, the less impacted he or she would be by shocks and downturns in the economy. That, apparently, no longer holds true as evidence by the turn of events this year.

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MOST READ
  1. Death of the agency model – and what replaces it 
  2. Luxury brands build demand. Associates build loyalty
  3. Richemont sales up 20pc to $7.1B for Q1 2026, buoyed by growth across lines and regions
  4. New challenge for brands: Cost of running AI at scale
  5. 5 steps for leaders to unleash their team’s strengths
  6. HENRYs, while not self-identifying as rich, see themselves as connoisseurs of high-end objects, experiences: report
  7. Hermès, Brunello Cucinelli, Mytheresa, Bain and McKinsey win Luxury Roundtable Awards
  8. Why 42pc of luxury brands are stuck in pilot purgatory
  9. Growth that works today is not always the growth that builds tomorrow
  10. High-end US real estate market defies single-price threshold: report


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