In his view, the overall luxury goods market in the first half of this year remained good but not as strong as last year due to the Chinese economic slowdown, said Stefano Sassi, chief executive of Milan-based Valentino Fashion Group SpA.
"Asian consumers still buy luxury goods and have notable fashion tastes and preferences," he said.
"Moreover, Asia has a lot of retail development, and this is positive for the luxury goods business, while Asian distributors are really great.
In his view, the overall luxury goods market in the first half of this year remained good but not as strong as last year due to the Chinese economic slowdown, said Stefano Sassi, chief executive of Milan-based Valentino Fashion Group SpA."Asian consumers still buy luxury goods and have notable fashion tastes and preferences," he said."Moreover, Asia has a lot of retail development, and this is positive for the luxury goods business, while Asian distributors are really great.
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