His forecast comes as luxury giants from Swiss watchmakers to fashion brands struggle to lure back Chinese consumers.
China’s luxury market may recover in the next 24 months as the country’s economy bounces back, Bulgari CEO Jean-Christophe Babin said.
The LVMH-owned jeweller has seen a more visible downturn this year in China at its brick-and-mortar stores versus online channels that can reach more customers including those in smaller cities, Babin added on Nov 6 in a roundtable interview at the annual China International Import Expo in Shanghai.
