luxury goods

Thanks to the coronavirus pandemic that’s halted travel and disrupted networks of parallel importers, Chinese high-end shoppers are finding it hard to spend their cash.

SINGAPORE (Sept 8): Chinese consumers, who account for about 40% of luxury sales globally, seem to have reduced their expenditure on luxury goods as of late.

SINGAPORE (June 27): HSBC Global Research says the EU referendum’s Brexit outcome announced last Friday could lead to “another psychological shock for high-end consumers” – but there is also a “silver lining” in this event for several Europe-