Chinese Millennials May Save Luxury Brands
PYMNTS
JANUARY 18, 2018
Sales of luxury goods in China are skyrocketing — up around 20 percent from 2016 — in its sharpest growth since 2011, as Chinese millennials seek products like handbags and cosmetics, Reuters reported. The popularity of luxury brands with Chinese consumers is also affecting the payment industry in the U.S.,
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