Last year, China's luxury goods market reached 607.7 billion yuan, accounting for about 22% of the world's. One of the main contributors to LVMH's performance growth is Chinese consumers.
Domestic purchases in China have increased significantly, and to meet this demand, Louis Vuitton and Christian Dior are considering opening larger stores in China. Big luxury brands continue to bet on the Chinese market. Is this statement still true today? This may be evident from the “footprints” of the top leaders of luxury goods.