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  • July 12, 2014
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  1. Business - Companies - RETAILING

    Rich pay, rich clients, but luxury retail jobs go begging

    Posted May 09th 2014, 11:10am by TIFFANY AP

    ... as much as HK$50,000 a month, working in retail is viewed as a young person's game, with little prestige, difficult clientele and shift work. Meanwhile, the demand for luxury goods from ... Tiffany Ap tiffany.ap@scmp.com Surge in new hotels and shopping centres to cater to rising number of mainland tourists is stretching staff recruitment in the luxury sector Luxury brands ...

  2. Business - Companies

    Tiffany challenged by logos as jewellery goes brand-mad

    Posted Dec 07th 2012, 03:06pm by Bloomberg

    ... The branding trend accelerated after the recession as luxury goods companies sought new areas of growth to complement their existing lines and keep attracting customers in the increasingly mature US ... diamond-stud earrings. This year more are visiting luxury department stores and boutiques and dropping premiums on branded fine jewelry from fashion houses including Ralph Lauren, Gianni Versace ...

  3. Business - Companies - LUXURY

    Vertu sees sustainable growth in China amid anti-corruption drive

    Posted Jul 09th 2014, 05:20am by BIEN PEREZ

    ... its biggest market, following the central government's corruption crackdown. "The government is not against luxury; it is against corruption, which is a good thing," Vertu chief ... first 4G smartphone, in the world's fifth-largest luxury market and the biggest in terms of smartphone sales. "The growth of the luxury goods market on the mainland over the past two ...

  4. Property - Hong Kong & China

    Tender for luxury urban site attracts strong interest

    Posted May 10th 2014, 01:20am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Tender for luxury urban site attracts developers A rare opportunity to buy a luxury residential site in an urban area led to an overwhelming response ... to the Shouson Hill site was even better than another nearby luxury site, at Deep Water Bay Drive, which drew nine bids in 2012. Surveyors valued the Shouson Hill site at between HK$2.45 billion ...

  5. Mainland sales of luxury goods to reach US$44b within decade

    Posted Sep 05th 2007, 12:00am by Andy Chen

    ... Andy Cheng Spending on luxury goods and services on the mainland will jump 134 per cent to US$44.4 billion in 2016, according to a MasterCard study. Mainlanders between the ages of 18 ... Sachs report found that the mainland is the world's third-largest consumer of luxury goods, accounting for 12 per cent of global sales, behind Japan's 41 per cent and 17 per cent ...

  6. News - China - CORRUPTION

    Officials' luxury kickbacks to be auctioned in Wenzhou

    Posted May 06th 2014, 02:39pm by Keira Lu Huang

    ... Keira Lu Huang keira.huang@scmp.com Officials' luxury kickbacks put up for auction Luxury items given as bribes to government officials will be auctioned in Wenzhou, Zhejiang province, according to local anti-graft officials. The kickbacks include a Cartier watch with a second-hand value of 20,000 yuan (HK$25,000) and other luxury-brand goods from companies including ...

  7. Property - Hong Kong & China - RESIDENTIAL PROPERTY

    Shanghai allows more luxury homes

    Posted Jul 09th 2014, 03:36pm by Reuters

    ... Reuters in Hong Kong Shanghai’s city government became the second in two months to allow more luxury properties into the market, real estate agents and developers said, in a sign that some ... a signal that the government is not implementing the administrative measures as strictly as it once did. It knows there’s still a demand for luxury housing.” It’s a signal that the government ...

  8. Property - Hong Kong & China - BRICKS & MORTAR

    Bidding for luxury site may prove to be a let-down

    Posted May 05th 2014, 11:00am by Peggy Sito

    ... developers can afford. Agents said that some owners of upmarket properties were pinning their hopes on a good price for the site, which could give a shot in the arm to the weakening luxury homes ... Peggy Sito Auction in Island South raises hopes for some, but downward trend in prices looks entrenched Bidding for luxury homes site may prove to be a let-down As the market remains weak, ...

  9. Mainland consumers pick up the threads on luxury consumption

    Posted Sep 10th 2007, 12:00am by Andy Chen

    ... worked. Ports last month posted a 41.6 per cent increase in first-half earnings to 142.8 million yuan, driven by the growing mainland appetite for quality luxury goods. Vogue last year ranked ... product but we had to take a long-term view.' Goldman Sachs says the mainland is now the world's third-largest consumer of luxury goods, accounting for 12 per cent of global sales, ...

  10. Canadians priced out of red-hot luxury market

    Posted Sep 21st 2005, 12:00am by Markus Gaertner

    ... Markus Gaertner in Vancouver Luxury home sales are experiencing unprecedented growth in Canada. During the first half of the year, sales numbers in the high-end segment outpaced the growth of the overall market in most major cities. Toronto, Calgary and Winnipeg reported sales increases in their respective luxury segments of more than 40 per cent, according to a report just released ...




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