Western fashion brands have a hard time succeeding in China. Getting local was the old mantra, but as globetrotting Chinese find a difference between localized products and their global appeal, they also have a problem, says branding expert Shaun Rein to Reuters.Read More →
The world looked with surprise when Nanjing dress-maker V-Grass Fashion bought South-Korean Teenie Weenie for double its own market value. But moving ahead in such a drastic way, seems to be the only way forward for China´s fragmented apparel market, tells retail analyst Ben Cavender to Bloomberg.Read More →
Grass Fashion Co. in a 1 trillion won deal (US$900 million). That is more than V-Grass is worth, warns branding expert Ben Cavender in Bloomberg, and might be very hard to recover in sales.Read More →
Procter&Gamble launched a global campaign for SK-II skincare also in China, inadvertently getting mixed up in the “left-over women” issue. Unmarried Chinese women in their late-twenties are under heavy pressure to find a husband. Retail analyst Ben Cavender explains the background at CNN Money.Read More →
Rich Chinese think their cars represent the way they stand in society. But Rupert Hoogewerf, founder of the Hurun Rich List, found out there might be a huge difference between the car owners and the rest of the Chinese, he tells the Shanghai Daily.Read More →
Going cheap is no longer the prevailing trend among China´s consumers, as especially the younger ones, who have traveled a lot, look for good quality, says retail analyst Ben Cavender in the International Business Times.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 →
Japan´s fashion brand Uniqlo is already leading in the China market over its Western competitors, and its link with Disney might give it an extra advantage, says retail analyst Ben Cavender in MarketWatch.Read More →
Spending patterns of the super-rich have change a lot, tells business analyst Shaun Rein at CNN, Now they focus on both art and exclusive travel. Sales of luxury goods are dropping, and many blame Xi Jinping´s anti-corruption drive, but the rich just make different choices, says Rein.Read More →
Fast moving changes among China´s ultrarich, business analyst Shaun Rein noted when he recently joined a millionaire on a trip to South Africa. Travel is hot for the rich, sharing their experiences over WeChat. Bling is out, feeling good is in, he tells at CNN.Read More →
Apple´s watch got a lackluster welcome worldwide, but luxury industry watchers in China expect the new device will make a blast in the China market. China Rich List founder Rupert Hoogewerf explains in the International Business Times why the watch is so attractive.Read More →
High-end brands are no longer the only winners in China´s luxury industry, as affordable fashion gets the favor of consumers, and high-costs items are mostly purchased outside China, explains business analyst Ben Cavender in the China Daily.Read More →