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  1. HK losing luxury shopping appeal

    Posted Jul 27th 2012, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com Mainland shoppers are increasingly buying luxury goods locally, turning away from high-end stores in Hong Kong and abroad, according to a survey ... goods are generally more expensive across the border because of higher taxes. Luxury brands have been expanding rapidly on the mainland, making it easier for local customers to do their shopping ...

  2. News - China - CHINA

    Luxury brands still reaping big rewards in China

    Posted Feb 18th 2013, 04:31pm by Ernest Kao

    ... Ernest Kao The profit margins of global luxury goods retailers on the mainland are so substantial they are shocking, according to an industry insider. A report aired on CCTV on Sunday, ... luxury goods taxes. “The profits [luxury brands] are making in the China market will scare you to death!” said Lu Xiaoming, former head of luxury label Montblanc’s China operations. Many believe ...

  3. News - China

    Chinese student in France sick of buying luxury goods for other people

    Posted Jan 22nd 2013, 02:07pm by Amy Li

    ... on China's social media, including Sina Weibo, China's popular twitter-like service. In a humorous tone, Li wrote about his side job of buying luxury goods for friends in China, and complained ... Li Yuandong, 23, remembers buying 10 Burberry scarfs, two Burberry handbags, two Louis Vuitton handbags and some luxury perfumes in one day in Paris without blinking an eye. “Then I blew ...

  4. Business - Companies - RETAIL

    Luxury brands report slower sales as buyers reach their limit

    Posted Sep 13th 2012, 12:00am by BLOOM

    ... flagging sales growth suggests an end to a three-year rally in the luxury-goods industry as wealthy shoppers cut back on past indulgences. Financiere Richemont, Prada and LVMH Moet Hennessy Louis ... at Berenberg Bank in London. Burberry, Britain's largest luxury-goods company, said September 11 that full-year profit will disappoint investors after same-store revenue stalled in the last 10 ...

  5. Chinese luxury brands seeking to come of age

    Posted Jan 02nd 2012, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com While China is well on its way to becoming the largest luxury market in the world, a number of home-grown companies are ambitious to make ... with confidence. The company's website describes La Clover as a luxurious, sexy and exclusive brand that mainly targets successful businesswomen, white collar professionals and rich socialites. ...

  6. 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 ...

  7. Sorry, we're full. Luxury brands find China taken

    Posted Jun 13th 2011, 12:00am

    ... Celine Sun With China, the fastest-growing market for luxury products in the world, the first challenge faced by international brands in the mainland market is where to locate ... luxury retailers are cautious about opening up in smaller, so-called second-tier cities, where spending power and property management are often weaker. Ada Nip, the head of retail at property ...

  8. Business - Companies - LUXURY GOODS

    Profit rises at luxury goods firm Richemont but chief to resign

    Posted Nov 10th 2012, 12:00am by BLOOM

    ... Bloomberg in Geneva Net income grows by more than 50 per cent on Cartier jewellery sales to Asian tourists Richemont profit rises but chiefto resign Financiere Richemont, the world's second-biggest luxury-goods company, says Johann Rupert will resign from his post as chief executive next year. Bernard Fornas and Richard Lepeu will become joint chief executives in April after Rupert ...

  9. Bag maker faces weak market

    Posted Nov 24th 2011, 12:00am

    ... of the largest outsourcing manufacturers for luxury handbags and small leather goods in the world, with a capacity for 16 million items per year. The company reported revenue of HK$2.5 billion ... outsourcing manufacturers, whose price-earnings ratios usually range between five and six. 'As a manufacturer of luxury goods, the company has a higher gross margin than producers for mass ...

  10. Vuitton gets closer to runway

    Posted Sep 16th 2011, 12:00am

    ... and other goods are to the right. Striking a balance between full-service luxury shopping and catering to time-pressed travellers might be challenging. But the store has more than 100 employees. ... Janelle Carrigan janelle.carrigan@scmp.com Luxury brand Louis Vuitton reached a belated milestone last weekend with the opening of its first airport store. At more than 500 square metres, ...




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