Second-hand fashion expands in China.

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19 September 2017 à 13h37

Updated on 10 May 2019 à 17h38

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1 minute

Publication: 19 September 2017 à 13h37, Updated on 10 May 2019 à 17h38

Reading time: 1 minute

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Publication

19 September 2017 à 13h37

Updated on 10 May 2019 à 17h38

Reading time

1 minute

Publication: 19 September 2017 à 13h37, Updated on 10 May 2019 à 17h38

Reading time: 1 minute

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According to Fung Global Retail & Technology, in 2016, pre-owned luxury fashion spending jumped by 20% to €1 billion. In context, the total value ofluxury items owned in China (and available for second-hand resale) was €41 billion in 2016, according to the Chinese Association for Second-hand Luxury Working Committee. This indicates an immature and under-developed market for second-hand fashion market in China, with significant growth opportunities.

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