luxury brands China

Despite persistent challenges in China, all hope is not lost for luxury brands, says study

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Mainland China’s luxury spending continued its decline in 2015, however, emerging signs signal a reversal in 2016. Increased international tourism, and growing comfort and trust in some business-to-consumer (B2C) overseas websites among China’s shoppers stimulated overseas purchases in 2015, according to Bain & Company‘s 2015 China Luxury Market Study. Bain & Company’s 2015 study finds … Read more

USA remains the largest global luxury market valued at US$78 billion in 2014: study

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Luxury sales are expected to grow 19% to reach US$405 billion by 2019,according to Euromonitor International’s new global data on the luxury goods industry. “Luxury sales in China have increased by US$9.6 billion in the last five years and aside from the US, the top luxury market in the world with US$18.6 billion in sales, … Read more

Luxury brands in a quandary as China’s wealthy young develop resistance to bling

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Gucci and Prada’s financial results are disappointing and there’s a fear that the west can’t provide what sophisticated Chinese shoppers want

Americas region is the king of the luxury goods spending hill

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    Reversing the trend of recent years, the Americas region is the king of the luxury goods spending hill, estimated to grow at four percent in 2013 versus 2012, surpassing the estimated 2.5 percent growth rate for China, as luxury spending in that country moderates, according to the 12th Edition of Bain’s Luxury Goods … Read more

Trends in luxury consumption in China

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Chinese luxury spend Set to accelerate Asian ultra high net worth (UHNW) individuals wealth is expected to grow by 7.9% annually for the next five years with China contributing to the bulk of this growth, according to the Wealth-X World Ultra Wealth Report 2012- 2013, a provider of detailed intelligence on ultra high net worth … Read more

First World Luxury Index China: most-searched for luxury brands in China. Surprises abound

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Automobile brands, local Chow Tai Fook, Louis Vuitton, Chanel, and Dior top the list of most- searched for luxury brands in China   Digital Luxury Group (DLG), in partnership with Luxury Society community of luxury executives, unveiled the first ranking of the top 50 most-searched for luxury brands in China. Covering over 400 brands within … Read more