China to account for 50% of global luxury goods market by 2025

Published by

With the rise of secondhand luxury accessories as a major driver of millennial consumer patronage, China has become the world’s biggest market for affordable luxury goods. More so, it has been forecast that by 2025, China will account for half of luxury goods sold in the world.

Recent Posts

eTranzact International Plc Posts a 3.29% Drop in Q2 2025 Earnings

eTranzact International Plc, a leading e-payment solution provider based in Nigeria, operating across multiple African… Read More

9 hours ago

Nigerian Equities Advance as Banking Stocks Lead Rally

Nigeria’s equities market opened the week on a firm note, with the Nigerian Exchange All… Read More

9 hours ago

Nigeria’s First Lady (Oluremi Tinubu) Gives ₦1 Billion to Help Families in Benue

Nigeria’s First Lady, Senator Oluremi Tinubu, visited Benue State on Tuesday. She announced a ₦1… Read More

9 hours ago

Ecobank Group Reports 40% Surge in H1 2025 Profit Before Tax to NGN 620.2 Billion

Ecobank Transnational Incorporated (ETI) has reported a 40% year-on-year surge in profit before tax to… Read More

10 hours ago

UAE Warns: Watch Out for Fake Visa Scams and Identify the fake ads!

The UAE government is sending out a big warning to everyone: Watch out for fake… Read More

11 hours ago

Femi Otedola’s Memoir ‘Making It Big’ Opens for Pre-Order Ahead of August 18 Launch

Femi Otedola, one of Nigeria’s most prominent billionaire entrepreneurs, has launched the official pre-order campaign… Read More

12 hours ago