The crackdown took away the gifting... that was a tradition in China, and luxury brands were very good for that, especially in the male category. Bruno Lannes More Quotes by Bruno Lannes More Quotes From Bruno Lannes They don't have the urge to save... compared to Millennials in other countries, they don't need to save for a flat. Bruno Lannes world Local competition is now extremely high on the agenda of foreign firms in China, in order to win in China now they need to beat not just traditional competitors. Bruno Lannes business In order to win in China now they need to beat not just traditional competitors, but they need to win against local companies that are faster and more innovative than they had realized. Bruno Lannes business It's too early to say, but there is no real indication that this has a major impact, I think, on the brands. Bruno Lannes
