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International luxury hotel chains are rapidly expanding in China anticipating tourism revoke after COVID. Luxury hotels want to take advantage of the increased number of tourists in China in 2023 Despite being the main competitor of the USA, China is still in the middle of a social and economic transformation due to the fastest-growing middle class….
The “Trash Pouch,” which made its debut at Balenciaga’s Fall/Winter 2022 show on August 8, quickly gained popularity after its public premiere that same day. It looks like a trash bag but costs a whopping $1,790. (12,104 RMB). The calfskin leather bag has a faint Balenciaga logo, but it seems more like a garbage bag…
After successfully suing Chinese online luxury retailer Secoo, Prada’s Shanghai branch was able to freeze $1.63 million (11 million RMB) in Secoo’s assets. This stems from disagreements over a contract with Prada and Miu Miu for 2019 that gave Secoo the right to sell those brands. Public documents reveal that, in addition to the dispute…
Recently, the four Italian luxury brands Maison Margiela, Jil Sander, Marni, and Amiri attracted a lot of attention when they opened stores in Shanghai’s JC Plaza. However, not only high-end retailers have their sights set on these shopping centers. Unlike in other global fashion capitals, local up-and-coming names like Shushu/Tong and Calvin Luo are making…
Is the Chinese luxury e-commerce market in decline? The Covid-19 pandemic in 2020 caused a boom in online luxury sales. According to Bain & Co, online sales accounted for about 26% of all luxury goods sales in China in 2021. This represents a 56% increase from the previous year. The best business model for luxury…
The love affair between Dior and Air Jordan in China What’s the best way to call something a modern collector’s item in a short amount of time? The Supreme x Louis Vuitton capsule has been proving its staying power since its release in 2017. It is now selling for triple its retail price. But the…
You want to target rich people in China, to sell your property, your financial service or luxury products…. This article is for you. Focusing resources on the right people and places is a critical success factor in marketing. For brands looking to develop their high-value goods markets, reaching and impressing high-value people in China…
Top of the line Baijiu to Drive Chinese Alcohol Market Growth The world’s most well-known spirit, baijiu, is flushed only in one nation—China. While it is accessible for as meagre as $1 per bottle from accommodation stores the country over, It is the superior finish of the market that sets to drive future development in…
Displaying up in yoga trousers and sneakers wherever outside the house in the fitness center was once frowned upon, however present-day street-style icons and pros alike flaunt their healthy way of life on the move by donning limited-edition trainers matched with high-performance sportswear and smart-tech gear. It is really clear which the athleisure craze is below to stay. The phrase athleisure – not long ago a part of the 2016 Merriam-Webster’s Dictionary – refers to informal garments developed to…