We are excited to be co-hosting two half-day seminars in New York with Jing Daily and ChinaContact at the impressive AW Asia Organization!
Our morning session will be focusing on hospitality, and we will have CLN Advisor Roy Graff in town from London to give his perspective on how hospitality companies can better serve Chinese customers.Read More »
Summary: Chinese shoppers arrive in droves to London Christmas sales. Chinese consumers are increasingly seeking out diamonds for fun and profit. Chinese tourists continue to prop up global luxury sales. Second and Third tier Chinese cities driving luxury spending. Chinese tourists tire of group travel. Understanding Chinese luxury consumers can be puzzling. What Chinese women want.Read More »
We are getting very excited for the upcoming Dragon Week we will be hosting with Affinity China on January 23 - 27, 2012 in New York. We will be bringing together 100 High Net Worth Chinese guests for a week of exclusive branded events with luxury brands such as Bergdorf Goodman, Monblanc, Piaget, J. Mendel, Ralph Lauren, Estee Lauder, Tribeca Wine Merchants, Coach and others. We will be releasing key findings from a week of travel and shopping with high net worth Chinese consumers, but in the meantime, please refer to our press release (below), see the Dragon Week Website at http://dragonweek.affinitychina.com/ or contact us (firstname.lastname@example.org) if you would like to discuss in more depth.Read More »
Coach is the first luxury brand to open an e-commerce site on Taobao’s online mall, except for Lambourghini, which has notably sold 0 cars on Taobao!
With more than 140 million e-commerce users in China, China’s e-commerce market is predicted to be the world’s largest in four years.Read More »
We caught up with Corbett Wall to discuss retail location strategy in China for luxury brands. Corbett is a Senior Vice-President at AEG and partner at CW+, a firm that advises brands on retail location strategy and other key issues related to running retail in China. Corbett has extensive experience travelling to second, third and fourth tier cities walking malls and talking with retail landlords and operators, and has countless stories of brand successes and failures in both first and lower tier markets.Read More »
After perusing Fashionista’s take on the new wave of luxury starlets, including Felicity Jones who was recently anointed the face of Dolce & Gabbana’s cosmetics lineup, we did some research on the appeal of these fresh faces among China’s own fashionistas.
Given that Chinese consumers represent the largest potential market for many of the top luxury brands — both within China and the power of celebrities for the Chinese consumer, we wanted to see how these young up and coming celebrities would fare for luxury brands in China.Read More »
China Luxury News Roundup
Summary: New study released on China’s youth luxury consumer. Chinese buyers driving UK real estate market. RMB appreciation providing massive buying opportunities for Chinese consumers in New York. Chinese banks granting wine loans to consumers. Chinese Vogue magazine is growing thicker and thicker with demand from luxury brands. Chinese travelers filling up Japanese ski resorts. Chanel and Hermes top luxury brand rankings in China. Magazines top media channel for luxury consumers.Read More »
Hurun and Group M joined up to release this Chinese Millionaire report. Some great insights inside, including:
- The average age of the super rich (net worth > 100 million RMB) is 43 years. These super rich tend to own three properties, five luxury watches and four cars. There has been a surge of interest in drinking fine wines and collecting art, especially Chinese classical art.Read More »
There have been a few recent articles taking a deeper look into China’s princelings which underscores some of the issues surrounding privacy for China’s wealthy.
Despite the cultural propensity to celebrate wealth, there are several situations where privacy and discretion are necessary for China’s wealthy:
- Government officials and their children typically seek to keep their wealth private due to political sensitivities.Read More »
KPMG partnered with TNS to conduct research on the China luxury sector, and published an overwhelmingly positive look into China’s luxury sector.
Key findings include:
- Over half of respondents said they longed to buy luxury goods, even if they could not afford them at present.Read More »