PODCAST: China Loses Its Taste for Luxury, and Popeyes Finds a New China Partner

By Doug Young & Rene Vanguestaine

China’s luxury market shrank by 10% last year, marking its first contraction in at least five years. And less than three years after opening its first China store, fast food chain Popeyes is dumping its original partner in the market and signing on with the local operator of the fast-growing Tim Hortons donut chain.

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