Why global recovery could depend on China’s taste for luxury
Attitudes are changing in China, but western export hopes are pinned on a swelling middle class embracing its inner consumer
luxury goods
The preferences of China’s luxury consumers
Chinese consumers still love luxury goods, love Burberry and prefer to buy their items abroad, according to “Luxury Purchase Power” survey by Chinese news site iFeng quoted by jingdaily. This year, Burberry topped the list of favorite brands and was followed closely by Chanel, Gucci, Louis Vuitton, Prada, and Dior. This reflects overall trends … Read more
François Pianult’s third cultural project in Venice
Teatrino at Palazzo Grassi by Tadao Ando. A contemporary arts centre inside an eighteenth-century palace in Venice. After the restoration of Palazzo Grassi in 2006, followed by that of Punta della Dogana in 2009, the rehabilitation of the Teatrino in 2013 marks the third step of French luxury goods magnate François Pinault’s cultural project … Read more
Americas region is the king of the luxury goods spending hill
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
Thailand to scrap import duties on luxury goods
To help the country compete with Hong Kong and Singapore, Thailand’s government announced intention to scrap import duties on luxury products, visitors from China being key target of the new measure. The duty on some luxury goods will be cut to zero from 30 percent by the end of the year, Permanent Secretary for Finance … Read more
Emerging markets tend to perceive brands as more luxurious
Chanel and Clinique are leading the way in luxury beauty: Euromonitor International. Economy, Standard, Premium or Luxury? Brand Perceptions Around the World. Different markets and regions have completely different perceptions of luxury brands. According to Euromonitor market researcher, the perception of brands as luxurious and trends in buying behaviours differ between developed and emerging markets … Read more