Claus-Dietrich Lahrs

China matters by heathrowkennedy

Earlier this week the CEO of Hugo Boss, Claus-Dietrich Lahrs, made some interesting observations on China one of which was that the commercial landscape in China was becoming just as competitive as anywhere else in the world.   The report in the WSJ goes on to quote an estimate from CLSA Asia Pacific Markets which suggests that there are now nearly 1,000 luxury retail shops in China today which represents a doubling on the number five years ago. Back in May I outlined six areas for consideration by brand owners who trade in China for the publication Luxury Briefing and I am happy to share them here. Since writing the article and it's publication I've avoided commenting on China - but I am glad to say that my remarks have stood the test of time - 6 weeks can seem like an eternity - and I've shared the article below.