Getting traction from Chinese consumers is increasingly becoming harder for brands. Prada has been investing in its relationship, but has a hard time to become relevant again for their key consumers, says retail analyst Ben Cavender to CNN. CNN: China is one of the world’s biggest markets for luxury goods,Read More →
The anti-corruption campaign by President Xi Jinping has hit entertainment and the gift industry hard over the past years, tells Hurun Rich List founder Rupert Hoogewerf in the Financial Review and details the fallout. “We have seen the emergence of the so-called affordable luxury brands like Coach or Michael Kors.Read More →
Famous brands are losing their star status in China, as preferences of consumers shift, tells retail analyst Shaun Rein at Adage, in its 2014 of changing consumer trends in China.Read More →
Shopping in a secluded environment of private houses for sometimes personalized high-end items adds a new feature to the way how wealthy Chinese prefer to spend their money. Retail analyst Paul French comments in the Sydney Morning Herald on a new feature.Read More →
Bag-seller Gucci bought a majority share in Chinese jeweler Queelin to enter a new segment of the luxury market. A smart move, says business analyst Ben Cavender in Business Week, as jewelry might be the next big thing for Chinese consumers.Read More →
China’s government is trying to change its economy from export and investment oriented into a consumer nirvana. Unfortunately, writes retail analyst Paul French in Channel4, corruption and inflation hinder that policy greatly. What will the upcoming CCP-congress bring?Read More →
Some luxury brands keep on growing, despite a recession. Hermes expects to grow, also in the upcoming five years and Ben Cavender, principal at the China Market Research Group explains on China Daily why.Read More →
Previous darlings of the luxury industry like Louis Vuitton, Gucci, Omega, Versace and Hugo Boss are out of grace, as the country’s really rich focus on high quality, the real stuff, in stead of those parvenu brands. Hurun founder Rupert Hoogewerf explains in the China Daily what has changed.Read More →
China’s luxury goods market might still be going strong, despite a dip in the country’s growth. But previously popular brands like Burberry are losing traction, tells retail analyst Paul French in the Huffington Post. But there is still hope.Read More →
The world’s tourism industry looks at Chinese tourists to offset an expected drop in visitors from Europe. But here is the dilemma, writes business analyst Shaun Rein in CNBC, talking to a hotelier in Thailand: what the Chinese tourists want is very different from what the Europeans want.Read More →
Chinese new year is nearing fast, a traditional gift-giving season. Most of those luxury gifts from China’s rich are foreign, European to be precise, says a study done by Hurun, the research company founded by Rupert Hoogewerf, reports the China Daily. Only Chinese liquor moutai makes it into the top-10.Read More →
For many the purchasing habits of Chinese consumers are hard to gauge. Retail expert Paul French tells in The Telegraph why Chinese buy what and were. “Chinese consumers are still buying status.” But what gives status, might vary from other consumers.Read More →