Luxury in China

 Grace Chan City https://fitm.cityu.edu.mo/en/staff-7

 ago23 Mainland China’s designer brands market has developed significantly over the past two decades and this is giving greater competition to Macao’s luxury retail sector, which is heavily dependent on mainland Chinese shoppers. That’s the assessment of James Law, vice president of Macau Marketing Institute, who made a presentation on the topic on Wednesday at a breakfast gathering organised by the France Macau Chamber of Commerce (FMCC).  However, “If Macao can keep improving its service standards and introduce more popular and exciting brands, like the niche perfume and fashion jewellery brands,” then it can remain competitive and continue to benefit from growth in the mainland’s luxury sector, Law added.  James Law, vice president of Macau Marketing Institute, seen at a breakfast gathering organised yesterday by the France Macau Chamber of Commerce – Photo by Gilbert Humphrey In his introductory remarks, FMCC chairman Rutger Verschuren said: “If you look at the last 20 years, mainl