When it comes to luxury, some of this trend is even on the way out. If you at Estee Lauder's earnings calls, they are having serious issues because of the drop spending in duty free zones by Chinese.
Overall you're right of course, just thought I'd add an anecdote that I happen to recall.
When it comes to luxury, some of this trend is even on the way out. If you at Estee Lauder's earnings calls, they are having serious issues because of the drop spending in duty free zones by Chinese.
Overall you're right of course, just thought I'd add an anecdote that I happen to recall.