 According to the Luxury Goods Worldwide Market Study, Fall-Winter 2019 report produced by Bain Company, the worldwide demand for luxury goods continued to grow in 2019, which resulted in a global industry worth approximately 281 billion as of the end of the year. Currently, China has begun to lead the way toward recovery from the COVID-19 pandemic, and Chinese consumers are set to cement their status as crucial growth drivers for the industry going forward. 