Business Insider1y
China's richest people are leaning hard into quiet luxury, wielding stealth wealth like a weapon and scorning their flashy, label-chasing peers
Chinese shoppers will make up 40% of all luxury ... the laws of the hit HBO series "Succession" apply, too. The old-money aesthetic is in, new-money fashion is gauche, and if you want to be ...
scmp.com1mon
‘Old money’ look is hot in China as nouveau riche glitz gets the cold shoulder amid slump
The housing market remains in the doldrums and bank lending has shrivelled. Yet, the appeal of “old money fashion” has endured, even in the face of recession in consumer spending. Discussions ...