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  • October 20, 2014
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  1. Mainland to be world's top luxury market by 2015

    Posted Mar 09th 2011, 12:00am by Minnie Chan

    ... according to a new McKinsey report on China's luxury goods consumption. The survey found that 45 per cent of luxury consumers on the mainland were aged between 18 and 34, compared with 37 per ... are still saving for buying houses... but they still have passion for luxury goods,' Yuval Atsmon, a partner in McKinsey's Shanghai office, said yesterday. 'They are different from ...

  2. Business - Economy - RETAIL

    Hong Kong protests put huge dent in Asia luxury goods sales

    Posted Oct 20th 2014, 05:05am by AFP

    ... Agence France-Presse Top brands also hurt by mainland slowdown and anti-corruption drive Protests put dent in Asia luxury goods sales Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand: Asia is no longer a market of constant growth for luxury goods firms. LVMH, world leader in the sector and owner of brands like Louis Vuitton, ...

  3. Survey on luxury confirms the Hong Kong hype

    Posted Jan 14th 2010, 12:00am by Andrew Sun, Vivian Chen

    ... Synovate just released an international study on luxury goods, conducted in October across 11 markets and involving more than 8,000 urban respondents. It shouldn't surprise anyone that Hong ... for the latest fashion and trends,' Cheng said, but added: 'Shopping for luxury goods is an experience in itself.' ...

  4. What do you consider a luxury?

    Posted Oct 16th 2008, 12:00am by Staff Reporter

    ... as 'luxurious' actually are. It's too easy to be tricked into believing that fancily packaged goods automatically mean luxury. Yoon Hur, 17, German Swiss International School The simple things we ... to study as children from rich families. Benson Chan, 17, Wah Yan College, Hong Kong To most people, 'luxury' means riding in a limousine or going on holiday to an exclusive resort. ...

  5. Shanghai luxury market sound despite measures

    Posted Jul 23rd 2008, 12:00am by Chloe Lai

    ... Chloe Lai in Shanghai Luxury development project Casa Lakeville in Shanghai's upmarket Xintiandi district has attracted 128 buyers of units at prices of between 70,000 yuan ... welcomed the news and say it confirms that at the luxury end of the market demand remains sound despite the austerity measures aimed at cooling the market. Data provided by property research ...

  6. Five-star fare for fashionistas

    Posted Aug 20th 2008, 12:00am by Staff Reporter

    ... at the MasterCard Luxury Week Hong Kong, organised by IMG Fashion for the second consecutive year. The event, running from next Tuesday to Saturday at the Four Seasons Hotel Hong Kong, will showcase high-end apparel and accessories from some of the world's leading luxury fashion brands. According to the organiser, the event will affirm the city as the luxury shopping capital of Asia after ...

  7. Lai See

    Posted Mar 26th 2010, 12:00am by Luisa Tam

    ... with Luisa Tam Can luxury brands give more a taste of the good life? A different kind of revolution is brewing on the mainland. It's a consumer rebellion that is slowly sweeping ... in the past decades, now want to taste a bit of the good life- even if it's only a tiny fraction of it. Affordable luxury is all the rage on the mainland at the moment. Industry watchers ...

  8. 50 million shoppers can't be wrong

    Posted Jul 28th 2008, 12:00am by Samantha Kierath

    ... of marketing at Fudan University's School of Management Pierre Xiao Lu, can afford luxury goods. In his book, Elite China- Luxury Consumer Behaviour in China, Mr Lu says the mainland not only ... Chan is testament to the power of commercial cross-pollination. Elite China contains two books- one is a readable assessment of the mindset of mainland consumers of luxury goods, the other ...

  9. Comment - Insight & Opinion

    Has luxury peaked in mainland China?

    Posted May 21st 2013, 03:35pm by Jonathan Edwards

    ... to the consulting company Bain, the market for luxury goods in China grew by 233 per cent between 2007 and last year. This astonishing rate of growth couldn’t last forever, but apart from this natural ... luxury goods came into effect in October of last year and resulted in luxury sales slowing in the December quarter. Traditionally, officials often bought luxury goods, such as watches and bags, ...

  10. Rich buyers fuel top-end price surge

    Posted Jun 09th 2010, 12:00am by Yvonne Liu

    ... last month. Data from Centaline Property Agency show that 444 luxury residential homes (defined as property valued at HK$10 million and above) were sold in the secondary market last month ... such data that the supply of large-sized units is tight. But the demand for luxury units is strong and the city remains full of rich buyers,' Ng said. Kenneth Chiu, a sales director at Ricacorp ...




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