Wealthy People in China Are Changing How They Shop for Luxury Goods: Report

The Oliver Wyman study says only 11 percent of casual luxury shoppers are planning on spending more on high-end goods—a 15 percent drop compared to 2024. The Oliver Wyman study says only 11 percent of casual luxury shoppers are planning on spending more on high-end goods—a 15 percent drop compared to 2024.