Covid-19 - Global Crisis

The Chinese consumer market is considered as the lion’s share in the luxury global market. But the virulent spread of Coronavirus 134769 cases around the world.

- Krishti Khound

For the international luxury industry, which relies heavily on Chinese shoppers, it’s already taking a financial toll. The outbreak has dramatically reduced the number of shoppers in Chinese cities and made companies to shut stores. Travel restrictions also are curtailing the traditional flow of tourists to other destinations that sometimes host many visitors buying luxury goods. Chinese shoppers structure a few third of worldwide luxury spending, counting their spending inside and out of doors the country, consistent with management consultancy Bain & Company. That’s quite the other nationality.