Why luxury groups are betting on the West Bund Art Center in Shanghai

The first cases of Covid-19 were discovered in China, but ironically it is in China that the major fashion and luxury groups will seek their salvation. The reason is quite simple: on the one hand, the recovery has already taken place in China, even if the reality is mixed across the country. Beijing, for example, is at half mast, but Hong Kong showed encouraging signals very early on, however balanced by an extremely tense social and political climate. Some luxury homes, as of May, noted a 22 percent increase in sales. The first country to be affected, China is also the first country to have contained the epidemic, which automatically gives it a head start.