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FEATURED WARC: China’s wealthy shift spending focus

China’s luxury sector has been especially savaged by the fallout from the COVID-19 crisis, and one customer may be hardest to win back, the most desirable of all, the High Net Worth Individual (HNWI). Evidence suggests these wealthy and super-wealthy consumers are still spending, but it’s not entirely clear on

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FEATURED Jing Daily: Chinese HNWIs Keep on Spending — But on What?

Experts agree that COVID-19 is no longer simply a transitory economic event, but something much, much larger, with the potential of turning the initial economic shock into a global recession. The luxury sector, which pre-crisis thrived on millions of Chinese consumers and high-net-worth individuals (HNWIs), has been particularly hit hard by this unprecedented

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FEATURED Luxury Daily: Luxury executives expect shutdowns to go on for months

Half of luxury leaders expect the COVID-19 crisis to go on for a few months before things go back to normal, and another 41 percent think that it will take several months to a year, calling for a tepid outlook in the business. The data comes from a new report

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