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  • April 21, 2014
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  1. Business - Companies - THE INTERVIEW

    Luxury goods distributors adapt in China as brands reclaim sales rights

    Posted Jul 20th 2013, 12:00am by Celine Sun

    ... of mainland customers. It also recruits and trains sales staff and offers after-sales service. It makes its profit by purchasing luxury goods at a discount and then selling them to local customers ... Celine Sun in Beijing celine.sun@scmp.com Distributors of designer goods have had to change the way they do business as top brands move to reassert control over sales channels Mainland ...

  2. Property - Hong Kong & China - PROPERTY

    Global luxury brands slow store expansion on mainland China

    Posted Feb 10th 2014, 04:37am by Peggy Sito

    ... and price-sensitive customer groups, where there is still spending growth driven by rising incomes, they are increasingly going to Hong Kong or other low-tax destinations to buy luxury goods," said ... and other markets became a bigger hurdle when consumers were buying for personal use, as opposed to purchases as business gifts. Sales of luxury goods on the mainland edged up 2 per cent last year ...

  3. Business - Companies

    Luxury e-commerce site sees education as path to mainland China

    Posted Feb 03rd 2014, 04:11am by Daniel Ren

    ... the South China Morning Post. "You should buy something that makes you feel good, and make sure it is a quality product that is worth the value." In the West, Chinese buyers of luxury ... things," she said. "I think the Chinese government should consider lowering the duties to a reasonable percentage." Bain said Chinese shoppers for luxury goods, including those from Hong ...

  4. News - Hong Kong - CRIME

    Five held over alleged luxury car import fraud

    Posted Apr 16th 2014, 08:03pm by Clifford Lo

    ... Clifford Lo clifford.lo@scmp.com Luxury cars imported from UK included HK$4m Bentley and two Porsches Bid to beat HK$2.2m in car tax: five arrests A well-known car salesman was among five people arrested yesterday on suspicion of using forged documents to avoid paying about HK$2.2 million in registration tax on three imported luxury cars. Veteran luxury European car salesman Henry ...

  5. 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, ...

  6. Mainland shoppers' luxury letdown

    Posted Jan 12th 2012, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com Although Chinese consumers are among the world's biggest spenders on luxury goods, they do not always get the treatment they deserve from top ... in serving customers. Chinese customers often had to wait as long as three to six months for repairs to luxury goods because they were sent back to factories in Europe, he said. In extreme cases, ...

  7. Lifestyle - Fashion & Watches

    Luxury hotels take collaborations with fashion designers to another level

    Posted Feb 10th 2014, 10:29am by Divia Harilela

    ... collaboration with Net-a-porter perfectly combines both brands' philosophies. "The trend towards shopping for luxury goods online has been interesting to follow and when we considered how ... Divia Harilela divia.harilela@scmp.com Divia Harilela Hotels a suite spot for top designers High fashion and luxury hotels have always been connected. But it was, of course, Versace who ...

  8. Business - Economy - RETAILING

    Hong Kong most optimistic market in Asia-Pacific for luxury spending

    Posted Nov 15th 2012, 12:00am by Celine Sun

    ... in terms of spending power, ownership and intention to shop. They plan to spend on average HK$34,055 on luxury goods in the coming months, much higher than the regional average of HK$27,800. ... on the mainland are expected to spend more than US$3 trillion annually by 2020 on luxury goods and services, travelling and dining, accounting for 5 per cent of total global consumption. The study said ...

  9. Comment - Insight & Opinion

    The nature of surging sales in luxury goods

    Posted Oct 19th 2012, 12:00am by ANTOINE DANCHIN

    ... Antoine Danchin Antoine Danchin says nature provides clues to sector's robust growth despite global downturn Why surging luxury goods sales should turn heads Despite the global economic crisis, sales of luxury goods are surging worldwide. Why? While marketing has contributed to the rise, the market's robust growth is actually rooted in biology. Discussions about ...

  10. Last frontier of luxury retail: small-town India

    Posted Oct 25th 2011, 12:00am

    ... and to try to build lasting consumer loyalty. The consultancy estimates that the global luxury goods market will be worth from US$25 billion to US$30 billion in 2015, of which US$10 billion ... they happily advertise in Putonghua. However, it does seem that Indians and Chinese are rushing to the purveyors of luxury goods for similar reasons, according to my friends in the business. Just ...




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