Just as the Chinese government cracks down further on luxury spending at home, and more company results demonstrate a flattening of the local market causing fear and trauma in heritage luxury brands with major capex in Asia, enter Antonio Tajani, EU Vice-president and commissioner for industry, to attempt to stem the pain. Their hero! Mr Tajani, aka luxury’s friend in Brussels, has “an action plan on the competitiveness of the European fashion and high-end industries”. Or a kind-of action plan. A beginning action plan? A small movement plan? You know what I mean. The point is: there’s a plan. Read more
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