Health
China’s Tightening Lockdown Measures Raise Concern for Luxury Sector – WWD
As new COVID-19 cases rise and millions are put under lockdown near Beijing, luxury brands’ ambition to cash in with the Chinese New Year holiday faces great uncertainty….
LONDON — Prepare for the worst: There may no longer be a queue outside your store in China very soon.
China has been successful in containing the coronavirus throughout 2020 and delivered robust economic growth, and the Centre for Economics and Business Research even predicts China’s gross domestic product may grow 9 percent this year. But a new round of lockdowns introduced Wednesday raises great uncertainty for luxury brands that are looking to cash in during the crucial Chinese New Year holiday…
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