This is the most recent version of an older version of this report I read recently. Implications are huge here for many firms, think Tiffany, Coach, LVMH, Ralph Lauren, and the list goes on and on. Worth a read for anyone who covers luxury retail names and wants to know whats really going on in China.
Scribd sucks (as I’ve said since it started), so I’m just uploading the pdf directly here. Sorry for the confusion