Retail in Asia

In Shops

Luxury goods distributors adapt in China as brands reclaim sales rights

Mainland China has become an increasingly profitable place for luxury firms, and Beijing loosened restrictions on foreign retailers in 2004.

Many big brands chose to reclaim distribution rights from their mainland agents and asserted greater control over sales channels in the world’s largest luxury market.

The loss of these top brands hurt the distributors and cast a shadow over the future of their industry.

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(Source: scmp.com)