Hurun Report: Rich Chinese Prefer Gifting Apple, Chanel, and Bvlgari

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Despite a crackdown on corruption, luxury gifting remains a deeply entrenched social norm in Chinese society. A recent report by the Hurun research institute examined the major international luxury brands that China’s high-net-worth individuals (HNWIs) typically look to when it … Read More

China’s Wealthy Millennials Want “Newness” and “Speed:” Bain

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China’s luxury industry players emitted a collective sigh of relief on Wednesday as Bain and Company reported China’s luxury goods market took its biggest leap forward in sales in six years. It’s six years that have been plagued with challenges as China’s anti-graft … Read More

Longchamp Teams Up With Mr. Bags on Global “Year of the Dog” Collection

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By now, Mr. Bags is practically a household name among China’s luxury handbag aficionados, but a new collaboration with family-owned French accessories house Longchamp has the potential to take this recognition global. Weibo’s top fashion blogger released a seven-piece handbag … Read More

How Harrods Stays British While Bending Backwards for Chinese Shoppers

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Consumers are seeing it from the likes of Shanghai’s new mega-sized Starbucks and Tokyo’s iconic Dover Street Market—it’s called “destination retailing” and now, London’s luxury shopping mecca, Harrods, is making adaptations to its Knightsbridge store to capitalize on the trend. … Read More

4 Takeaways for Luxury Brands from China’s 2017 Singles Day Bonanza

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China’s Singles Day, the one-day digital shopping frenzy on November 11, had another spectacular year. Major Chinese e-commerce players have delivered some mind-boggling sales figures. Alibaba Group broke its own record with a whopping $25 billion in sales, up from … Read More

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