LONDON — Chinese Millennial and Generation Z consumers are set to become the biggest driving force in luxury consumption by 2025.
According to the latest report by the Chinese luxury retailer Secoo and the data company Tencent, Millennial and Generation Z consumers will account for 50 percent of the country’s discretionary disposable income. Currently, 48 percent of China’s luxury shoppers are under 30 and they account for 34 percent of the country’s disposable income.
Penelope Cruz wows in a strapless white @chanelofficial feather dress. She is nominated for Best Movie/Limited Series Supporting Actress for The Assassination of Gianni Versace: American Crime Story. #Emmys
Take a peek into Gucci's new Instagram account (@guccibeauty), which is guided by Creative Director Alessandro Michele’s vision of beauty. In typical Gucci fashion, the account already features a series of artworks spanning across history, ethnicity, culture and geography. It will showcase and promote its new cosmetic launches and fragrances as well as looks from the fashion shows and special collaborations with artists and talents. #wwdbeauty
Photographed by @delphachardphotos