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Some media reported that McKinsey Tokyo partner Brian D. Susberg (r) said that more than half of Japanese luxury goods industry presidents or CEOs believe that sales will be better this year. It is worth noting that Bernard D. Arnold also stated in the previous financial report that he planned to carry out a new round of price increases in the European market due to the increase in travel retail sales.
In this regard, Zhou Ting pointed out that the brand is doing this mainly out of considerations of maintaining market balance and ensuring that the gap between markets is not too large to avoid consumption outflow.
Zhu Qinghua believes that Japan’s price increase is just an introduction for Japanese luxury goods. Other luxury brands are bound to follow suit, especially luxury goods of the same level. There will not be a new round of price increases for luxury goods in the European market for the time being. Price increases in Japan are only a partial phenomenon in response to the depreciation of the yen.
A recent McKinsey survey shows that since Shinzo Abe took office as Prime Minister of Japan at the end of last year, the loose monetary policy he has implemented has caused the yen to rapidly depreciate against the US dollar. The rapid depreciation of the yen has caused Japan, which used to love to go to Europe and the United States to consume luxury goods. Consumers currently prefer to consume in Japan.
Guangzhou Muma Leather Co., Ltd. is located in Guangzhou City, Guangdong Province. It is a manufacturer specializing in the production and sales of leather goods. The main products include: one-to-one original Chanel Hermès Dior bags for men and women, etc. The company has always adhered to the tenet of quality first, customer first, high-quality service and abide by the contract. With high-quality products, good reputation and high-quality services, the products are sold well in nearly 30 provinces, municipalities and autonomous regions across the country and exported to overseas countries. Dedicated to win-win cooperation with domestic and foreign merchants to develop together and create brilliance