Tourists, Acquisitions, and Antiques

Chinese tourists were out in full force this past holiday season, causing quite a stir in the western world. According to Global Blue, a tax-refund and shopping service provider, Mainland tourists’ duty-free spending globally in December not only was estimated at over $170 million, but also accounted for more than 24 percent of the company’s global transactions, making them the largest demographic of tax-free shoppers in the world. Given these numbers, it is little surprise that stores all over the world are targeting Chinese consumers with collections designed specifically for them like dragon inscribed investment-grade gold.