Knowledge Center: Publication
Solving China's luxury executive talent puzzleSubscribe to Asia Pacific 11/30/2011
China is the third-largest luxury economy in the world and is about to become the biggest, overtaking the United States and Japan. Yet just 15 years ago, luxury was almost non-existent in China.
While luxury has become ubiquitous and a massive industry in China with annual growth exceeding 50 percent for many brands for several years, luxury talent is more than ever a rarity.
The luxury industry is faced with a serious bottleneck. The talent pipeline has not kept up with the growth. In contrast, the fast-moving consumer goods (FMCG), industrial, and hospitality industries started blossoming much earlier in China and grew my more moderate growth rates, allowing these sectors to build talent.