Luxury brands boom in Australia fuelled by Chinese shoppers
The South China Morning Post commented extensively about the luxury brands boom in Australia fuelled by Chinese shoppers, who account for about two thirds of all customers. The brands, such as Louis Vuitton, Tiffany and Prada, are expanding their presence i.e. the half a billion dollar redevelopment of Chadstone in 2017 doubled its number of luxury brands to 38. According to figures from IbisWorld, Australia’s luxury retail industry has grown at a rate of over 10 per cent per year from 2013.