In recent discussions surrounding China’s economy, prevalent myths about consumer behavior have surfaced, leading to misinformed conclusions about the market’s future potential. A new analysis by McKinsey & Company sheds light on the real state of consumption in China, revealing both challenges and hidden opportunities. Daniel Zipser, a senior partner based in McKinsey’s Shanghai office, […]
Breitling CEO ‘Quite Confident’ Luxury Industry Has Hit Bottom
Georges Kern, the CEO of Breitling AG, recently expressed optimism regarding the luxury watch sector, asserting that it has reached its low point. His confidence comes amid economic challenges heavily influenced by a slowdown in the Chinese market, a vital area for luxury goods sales. In an interview with Bloomberg Television, Kern highlighted a significant […]
