With a continuing boom in the market and rising demand from the newly prosperous, China’s luxury consumer market looks increasingly buoyant, according to the 2009 21st Century Deluxe Report.
The report shows a shift in Chinese consumers’ attitudes to luxury purchases, one that has seen them graduate from mindlessly chasing fashion to making far more informed [...]
LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury-goods company, on Monday said its third-quarter sales slipped 0.6%, hindered by the consumer-spending implosion and retailers working down inventories without ordering new merchandise. The luxury-goods industry likely won’t fully recover from the downturn until 2011 or 2012, consulting firm Bain & Co. said in a forecast [...]
SHANGHAI (AFP) — Foreign luxury brands looking to win in China need to reach into cities that are barely known to the rest of the world but are home to startling and fast-growing wealth, a series of studies shows.
The majority of China’s rich now live outside of the mega-cities such as Beijing, Shanghai and Guangzhou, [...]
As China sets out to rebuild its artistic heritage, support is coming from an unexpected source: the global luxury industry. The big brands have targeted China – both for exhibition displays and for collaborations with contemporary artists.
When the new 8,000 square meter, or 87,000 square foot, contemporary art and design museum is constructed next to [...]
While all the other brands are busying to set up more shops in China, Louis Vuitton Hangzhou store (Hangzhou Tower) was just closed last Friday after a spot check of local industry and commerce authority, reported by Today Morning Express (a local newspaper).
No more display in the windows, non more products in the store. LV logo was carefully [...]
