High End Consumption Will Still Grow. Louis Weedon Is Not Afraid Of China'S Economic Slowdown.

Don Vernon, champagne, Christine Dio, Bvlgari, tiger Heuer, Day Beers

And Louis Weedon, the most valuable luxury brand in the world, belongs to a company, Louis Weedon group.

The French luxury goods company owns 70 brands, many of which are among the most prestigious brands in the world.

Therefore, it is not surprising that this company is regarded as the leader of the high-end consumer industry.

With the slowdown in China's economic growth of more than 30% of the world's luxury consumption, Louis Weedon group should be worried.

However, CEO Bernard Arnott said the company is still optimistic.

According to the report of the US quartz finance network on February 4th, after Louis Weedon reported its very strong year-round performance in 2015, Arnott said in February 2nd: "analysts underestimated China's economy.

China's economic base is very good, and household expenditure is still growing, which is very important for us.

Louis Weedon said its total revenue in 2015 increased by 16% to $39 billion 100 million (about 257 billion 200 million yuan). Its good performance in all product categories, especially its largest fashion and leather products, greatly supported this performance.

Reported that this does not mean that Louis Weedon group is completely not affected by China's economic problems.

The company admitted last quarter that the collapse of China's stock market in August of last year had a certain impact on its sales.

Despite sales growth in the US, Europe and Japan in 2015, Asia's

Mainly referring to China - but has declined.

According to Bain consulting, China's luxury market has shrunk by 2% throughout the year, mainly due to economic difficulties and the current anti-corruption campaign, which has prevented officials from buying and presenting expensive gifts.

Reported that Arnott expressed clearly, he is looking at the future.

He said: "we must hold long-term optimism and short-term pessimism.

Only in this way can you prepare for the worst.

In the long run, many analysts do believe that with the emergence of China's substantial middle class, Chinese consumption in high-end goods will increase.

The report also said Arnott also expressed confidence in Hongkong.

With the decline in the number of tourists from the mainland, Hongkong has become the most challenging luxury item.

One of.

He said the downturn in this area is only "cyclical".

In his view, Hongkong is one of the apex of the Asian market and one of our driving forces for growth.