With flagging sales in their mainland stores and increasingly price savvy consumers, luxury companies are taking a leaf out of casinos’ play books by offering junkets to wealthy Chinese clients...
- Sat
- May 25, 2013
- Updated: 2:30pm
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Burberry
Burberry Group plc is a British luxury fashion house, distributing clothing and fashion accessories and licensing fragrances. Founded in 1856, its distinctive tartan pattern has become one of its most widely copied trademarks.
The news that the latest first-quarter results for Burberry and LVMH (French luxury goods conglomerate Louis Vuitton Moet Hennessy) are experiencing mixed fortunes in the east, probably comes as...
The global fashion markets shift quickly and although Paris remains the undisputed centre, the two other major European cities on the agenda seem to be in a constant power struggle.
LVMH Moet Hennessy Louis Vuitton is poised to pursue a takeover as revenue growth, led by sales of its eponymous handbags, slows the most in four years.
Italian fashion house Prada achieved robust growth of nearly 50 per cent in net profit for the nine months to October on strong demand from Asia.
When we meet at his minimalist office at Horseferry House in London, Christopher Bailey's enthusiasm is infectious. "The whole of Asia has such energy," he says. "There is this real sense of pride...
China is set to become the world’s second biggest market for luxury goods after the United States in five years, overtaking France, Britain, Italy and Japan, an industry report said on Tuesday.
Compared with Hong Kong's pace, London can seem slow. Shops, check-outs, public transport and even the pace of escalators; I suggest you take a deep breath before stepping off the plane.
Italian luxury fashion house Prada, which posted strong first-half earnings growth of nearly 60 per cent, is confident in the market in the near term despite the sluggish global economy.
Last month, British brand Acquascutum announced it was bankrupt. Hong Kong company YGM Trading, which already licenses a string of labels in Asia, acquired it last week for GBP15 million (HK$187...
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