Business / Industries

Luxury market loses oomph

By Shi Jing (chinadaily.com.cn) Updated: 2015-01-20 15:28
No 9 Hermès

Hermès of Paris, or simply Hermès, is a French manufacturer of quality goods established in 1837. Today it specializes in leather, lifestyle accessories, perfumes, luxury goods, and ready-to-wear. Hermès is kNo wn for its handmade luggage and handbags. Hermes' handbag is syNo nymous with luxury and status. It has become a must-have item for some rich Chinese women, even though it costs more than two years' salary of average white-collar worker.

Luxury market loses oomph

Trendy young women walk past a luxury fashion boutique of Hermes in Shanghai, China, 4 September 2013. [Photo/dfic.cn]

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