Arjen Los, chief investment officer for Dominion Funds, highlights some of the luxury brands benefiting from the burgeoning retail force of the Chinese consumer.
The importance of the Chinese New Year on revenue trends is fast becoming evident in all luxury and tourism companies and could eventually overshadow the ‘Christmas effect’ in the West. A couple of months ago, we saw China usher out the Dragon to welcome in the Year of the Snake. The Lunar New Year is the most important holiday season in China. According to the National Development and Reform Commission of China, the country’s rail and long haul bus network was expected to run at 99% of capacity and a record 3.4 billion journeys were made during the two week celebration. While 300 ...
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