Report: Brands Need to Innovate to Cater to ‘Established’ Chinese Luxury Shoppers

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From Louis Vuitton’s Monogram patterns and Hermès’ Birkin handbags, to Mulberry’s Bayswater series, luxury brands’ classic pieces not only once defined the essence of each mega-brand, but also served as a key source for growing sales and profits. However, a … Read More

Gucci reports stellar 34% growth in sales in the first quarter of 2017

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Kering Group reports first quarter revenues increase by 31.2% to €3.57bn, lifted by a 34% jump in sales. The growth was driven by double-digit increases across its product categories, including “ever-increasing demand for ready-to-wear and shoes”, as well as “excellent … Read More

Chinese tourists spent 12% more in travelling abroad in 2016

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2016 results on expenditure from major outbound markets reflect increasing demand for international tourism across the world, with a 12% increase in spending, China continued to lead international outbound tourism, followed by the United States, Germany, the United Kingdom and … Read More

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