New Market Study, "Fine Wines/Champagne and Spirits in Hong Kong, China", Has Been Published
Fine wines/Champagne and spirits recorded a slowdown in retail value sales growth in 2013 due to the worsening economy and reduced demand from mainland visitors. Despite the uncertain economic situation, fine wines/Champagne and spirits continued to register positive sales growth. This performance was informed by the media and blogs, where these products were heavily advertised. Consumers were more exposed to fine wines, for example, which piqued their interest. In order to build-up a luxury...
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