In pursuit of expanding its market share in China, the world's largest luxury market by 2030, Ralph Lauren has adopted a "cluster approach" to its business strategy.

Quick Summary:

Global fashion retailer Ralph Lauren will explore the still significant’ growth opportunities in China’s key cities as it expands in a disciplined and sequenced’ manner.

Pedestrians walk past a Ralph Lauren Corp.store in the Central district of Hong Kong, China.

Consulting firm Bain & Co is bullish about China in the medium term, predicting that the mainland would overtake the Americas and Europe to become the world’s largest luxury market by 2030.

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Article Details

Author / Journalist: Sophie Chew

Category: Business

Markets: Hong KongChinaMalaysiaSingaporeThailandVietnam

Topics: Stores Asia Company Southeast Year Cent Ralph Lauren Market Growth China

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 08:30:14 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 830 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 20709249

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