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Category: Chanel
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While 80% of Chinese consumers remain optimistic about the domestic economic outlook, per capita luxury expenditure is projected to contract by approximately 4% over the next twelve months according to data from a Kearney survey of 3,000 Chinese aspirational luxury shoppers conducted in 2025.
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Last week in beauty and luxury was a tale of two markets: while one retail giant collapses, others posted robust growth and placed new strategic bets.