Since 2012, Western luxury houses have been going through a slumping phase in their most profitable market China. Gucci has closed stores in second-layer cities across China, Prada has experienced its gloomiest sales in a decade and Swiss watches are struck with the lowest increase in recent years.Moreover, Bain & Company has demonstrated in its newly … Read more
Attitudes are changing in China, but western export hopes are pinned on a swelling middle class embracing its inner consumer
Interbrand Releases 13th Annual Best Global Brands Report Despite the current economic landscape, all of the luxury brands in the 13th annual Best Global Brands report released by Interbrand increased their brand value. As the meaning of luxury shifts, this year’s top luxury brands reflect a changing global consciousness – with success dependent not … Read more
Chinese liquor brand Moutai was recently included in a list of the top 10 “Gifts for the Chinese Luxury Consumer“, a list compiled by the Shanghai-based research group Hurun, as part of its annual “Best of the Best” awards. Moutai held the fifth position behind the likes of Louis Vuitton, Cartier, Hermes and Chanel. The … Read more