Luxury is back, but mostly in China

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Artistic director Jiang Qiong Er (left) for Hermes' new Chinese company, Shang Xia.

Happy Monday morning, everyone.

I hope you’re in the mood for some optimistic forecasts, because the media has consistently reported  for weeks on the resurgence of the luxury goods market, much of which is being driven by brand expansion in China; the presence of some designer stores across China have reached the double digits. Below are recently-published articles shedding light of the market’s resurgence.

LVMH Thrid-Quarter Sales Rise 24% on Watches, Handbags (Bloomberg)
China’s love of luxury goods boosts Burberry (Telegraph)
Marc Jacobs’s Chinoiserie: Obsession or Opportunism? (Jing Daily)
Luxury fashion enjoys a rebound, takes no risks (Reuters)
Pressing my nose to the glass in China (Cathy Horyn)
Italian Luxury Firms To Invest EUR150 million In India Over 5 Years (Fox Business)

(image: Philippe Lopez/AFP)