Chinese buy $50b abroad, Hindmarch profits soar, Puma plays catch-up, Couture in Singapore, Fresh kicks
Gucci bag | Source: l2thinktankTaxing luxury goods becomes a hot issue (China Daily) “International luxury brands competing to expand their presence in China have to face the fact that Chinese consumers prefer to buy premium goods abroad instead of domestically. The World Luxury Association released a report revealing the Chinese spent nearly $50 billion in Europe, four times what they spent on luxury goods in 2010 on the Chinese mainland.” Anya
