“More Losers Than Winners” Expected In Chinese Luxury Market (Video)

What Are Companies Doing Right, Wrong In Increasingly Crowded Chinese Luxury Market?

0609-wealth-report-1This week, managing director of China Market Research Group (and JD “10 for 10” contributor) Shaun Rein spoke to CNBC about emerging trends in the increasingly crowded Chinese luxury market. Though China is expected to eclipse Japan to become the world’s largest luxury consumer within the next five years, the country’s geographically, culturally, and demographically fragmented nature often leads luxury brands to make fundamental mistakes that could imperil their future prospects.