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  1. New maharajas slake appetite for luxury goods

    Posted Apr 07th 2006, 12:00am by Amrit Dhillon

    ... shoes, and Asprey & Garrard rings. The world's luxury goods makers are thrilled about this new emerging market. They are either already here- Louis Vuitton, Patek Philippe, Rolls-Royce, ... with China and Russia, is part of what is seen as a 'golden triangle' of the newly wealthy with an insatiable appetite for luxury goods. The old rich have, of course, always been rich. ...

  2. Luxury goods shunned as retail sales growth eases

    Posted Aug 02nd 2006, 12:00am by Dennis Eng

    ... Dennis Eng Shoppers flocked to department stores but steered clear of jewellery and valuables as growth in retail sales in June eased slightly to 5.2 per cent year on year at HK$17.4 billion, the government said. Growth in retail sales for the month was d ...

  3. Consumers seek luxury lines in a maturing market

    Posted Apr 03rd 2006, 12:00am by Staff Reporter

    ... for distinctive products that reflect their characters industry insiders say. With analysts predicting mainlanders to be as important as the Japanese in the luxury goods field in the next decade, more ... luxury goods sales over the next 10 years. In a report on eight major mainland cities last year, Credit Suisse estimated a total luxury goods market of 127 billion yuan in the past three years, ...

  4. Sun Media in luxury venture

    Posted Apr 24th 2006, 12:00am by Staff Reporter

    ... Bien Perez Sun Media Investment Holdings, one of China's largest investment groups, is developing the first dedicated home shopping channel for luxury goods on the mainland. The firm ... market for luxury goods.' According to a study by Ernst & Young, demand for luxury goods on the mainland has reached an average of US$2 billion in annual sales and is expect to reach ...

  5. 60pc of global brand-name clothing is defective, survey finds

    Posted Mar 28th 2006, 12:00am by Staff Reporter

    ... problems. The results of the Zhejiang Consumer Rights Protection Association survey are a warning to mainland consumers, who constitute the world's third-largest luxury goods market, ... in 2004, accounting for 12 per cent of global sales and making China the world's third-largest consumer of luxury goods. It forecast China would replace the US as the second-largest, ...

  6. Stealth wealth- city loses its flashy image

    Posted Jun 18th 2006, 12:00am by Richard Holdcroft

    ... Discovery is the new luxury Being the first to discover new goods or services, and possessing unique knowledge about them, brings great social prestige and confers what the researchers have termed ... research found. They need the thrill of 'discovering' a luxury item for themselves, or even going to see where it's made and buying it direct. They also demand more from sales staff ...

  7. Sold on the future of hospitality

    Posted Mar 25th 2006, 12:00am by Andrea Zavadszky

    ... This will create opportunities on many fronts: promoting the sales of luxury consumer goods and lifestyle products, offering innovative hospitality packages, arranging tours, and providing health ... opportunities. However, selling luxury goods and dealing with international clients will also raise the entry threshold and the standards expected of people in such roles. Whatever their position, all ...

  8. The cloud hanging over selling luxury

    Posted Jun 14th 2006, 12:00am by David Eimer

    ... boom that the luxury goods market has created, while it also pressures the government to curb the pollution that blights most of China's cities. Even the most lackadaisical reader could ... like Cartier, Chanel, Dior and Louis Vuitton continue to expand their China operations. The mainland is already the third-largest consumer of luxury goods in the world, and is expected ...

  9. Jobs and security can unleash the potential of the rural shopper

    Posted Mar 06th 2006, 12:00am by Staff Reporter

    ... generation and the recent spree on luxury goods by the more wealthy would not significantly change consumption habits. 'Only the young professionals who have confidence in a rosy and stable future have the courage to use credit cards. And only a small number of people are buying luxury goods. They are just a small part of society,' she said. The rural population, representing ...

  10. Silk Market appeals over fake-goods fine

    Posted Apr 07th 2006, 12:00am by Raymond Li

    ... Raymond Li Owners of Beijing's Silk Market have appealed against a court ruling over intellectual property rights violations and are considering suing a number of international luxury ... defended Xiu Shui Hao Sen, saying the company had satisfied its legal obligations by making sure no fake goods were on display in the market. 'You have to draw a line between what we ...




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