From the Business Insider
After reading this, I guess I won't have to worry about carrying around LV during our upcoming summer vacation to China..
A few excerpts from the article..
"Now China's very high-end consumers are abandoning the label for even more expensive brands or bespoke goods. A typical Chinese luxury shopper, he claims, might think, "I can't buy Vuitton, I've seen it too much, it's a brand for secretaries."
"Louis Vuitton has become too ordinary," a billionaire woman told China Market Research Group managing director Shaun Rein in 2011. "Everyone has it. You see it in every restaurant in Beijing. I prefer Chanel or Bottega Veneta now. They are more exclusive."
Read more: http://www.businessinsider.com/louis-vuitton-losing-sales-in-china-2015-2#ixzz3T3HvMgWw
After reading this, I guess I won't have to worry about carrying around LV during our upcoming summer vacation to China..
A few excerpts from the article..
"Now China's very high-end consumers are abandoning the label for even more expensive brands or bespoke goods. A typical Chinese luxury shopper, he claims, might think, "I can't buy Vuitton, I've seen it too much, it's a brand for secretaries."
"Louis Vuitton has become too ordinary," a billionaire woman told China Market Research Group managing director Shaun Rein in 2011. "Everyone has it. You see it in every restaurant in Beijing. I prefer Chanel or Bottega Veneta now. They are more exclusive."
Read more: http://www.businessinsider.com/louis-vuitton-losing-sales-in-china-2015-2#ixzz3T3HvMgWw