While the Chinese consumer has been on the radar of luxury brands for some time, China is still seeing the entry of new trends in luxury spending and interest.Read More »
With the recent finding that China is now home to one million millionaires and tens of thousands of the super-rich, both new and established luxury brands are eager to engage with these consumers. The following are several articles detailing the recent spending trends among these wealthy Chinese and the types of products or experiences that characterize their habits as consumers.Read More »
Despite reports of weaker demand for high end goods due to China slowdown concerns, many brands are also reporting continued increases in sales and staying the course on expansion plans in China.Read More »
While the number of China’s emerging wealth Chinese continue to grow, many ultra rich Chinese have moved beyond the obsession for branded products with flashy logos and are beginning to develop a growing interest in individual style, tastes and preferences. The following are a curated collection of articles that share insight on Chinese as collectors and connoisseurs.Read More »
Determined to remain the leader in China’s luxury market, Louis Vuitton opened its largest Maison in Shanghai on July 18th. The Maison at Plaza 66 in Shanghai is its 16th in the world. Below is a video of the store’s opening followed by a selection of related news:Read More »
In the lead up to this October’s once a decade leadership change in China, growing public resentment of corruption has led to increasing scrutiny of extravagant spending by government officials in China. As a result, new measures were recently introduced to curb public spending on luxury goods and services. The following is a curated list of articles covering the potential impact this recent ban will have on China’s luxury sector.Read More »
China is already the world’s number one consumer of apparel, number two consumer of footwear and number three consumer of cosmetics.
More and more western brands are sensing that the time is right for expansion into China, and are seriously considering market entry. Below are China Luxury Advisors‘ Renee Hartmann’s Top 5 recommendations of things brands should do before entering the market.Read More »
While the local economies of many countries such as France and Australia have benefited from an increase in Chinese tourists in the last decade, restrictive visa policies have placed the U.S. behind the curve in attracting Chinese tourists in America. In recent years, the U.S. administration has begun taking the initiative to increase tourism to the states as part of a comprehensive effort to spur much needed job creation. The following is a curated list of articles that provide insight into the efforts of the U.S. to attract more Chinese tourists.Read More »
An excellent documentary by Journeyman Pictures shares insight into China’s “fuerdai” aka “second generation rich”.
The economic transformation of China has been electrifying. But with Europe teetering and the US plodding, can the biggest tiger of all keep on roaring? China’s super-rich certainly think they can.Read More »
As the market for luxury goods matures in China’s first tier cities and competition becomes increasingly fierce, luxury brands are expanding into second and third tier cities in China to gain market share and meet the growing demand for luxury goods amongst wealthy consumers there. The following is a curated list of articles that provide more insight into this trend:Read More »