CBRE: Beijing 11th most luxurious city in 2014
In its report ‘Global Luxury Retail 2015’, CBRE noted that Beijing is the 11th most luxurious city globally. Some 71% of all luxury brands have a presence there. In 2013, 69% of brands could be found in Beijing. Some 69% of luxury and business fashion brands are targeting China for expansion in 2015. By this measure, China is seen as the most prospective of the 10 national/ territory markets profiled by CBRE. 12 new luxury and business fashion brands opened a store in Beijing in 2014.
Source : CBRE/November 2015/City/RET