High-end cosmetics and shoes are gaining traction among China’s growing legions of luxury consumers, while watches, handbags and jewelry are less in demand.
That was among the findings of the Ruder Finn/Ipsos China Luxury Forecast 2012, which also revealed that Louis Vuitton, Chanel and Gucci were the top three luxury brands among Chinese luxury consumers, based on responses that included unaided “top-of-mind” and “spontaneous-recall” reactions.
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