One Cottage Industry Is Making Bank Off China's Luxury Handbag Craze

asian girl shopping bags smile

It’s no secret that China’s newly minted wealthy have a thing for luxury handbags–remember the frenzy that ensued when Vogue China gave away paper Gucci folders with the purchase of a magazine?

Turns out that China’s handbag lovers have learned that with great privilege comes great responsibility.

According to China Daily, business at China’s luxury handbag mending shops is booming (via Red Luxury).

Writes China Daily:

While a luxury bag has become a must-have for the well-off in China, those who own them are becoming increasingly aware that you have to look after them too.

Hence, the spread of luxury bag mending shops that provide efficient, personalised and professional standards of service.

China has around 875,000 millionaires, and Shanghai and Beijing have more luxury stores than New York City and Chicago.

The nation’s luxury goods market was worth about $10 billion in 2010 and by 2014, China is expected to become the world’s largest consumer of luxury goods, China Daily reported.

Now meet the billionaire foreigners who made their fortunes in China >

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