Luxury Brands

From couture to coffee, retailers are tailoring shops to big spenders

Hong Kong's luxury retail sector has rebounded on the back of mainland shoppers. Photo: Bloomberg

Stroll around Tsim Sha Tsui, especially Canton Road, and you will see hordes of designer devotees. The shopping district is a good spot to look at the state of Hong Kong's luxury retail business.

Wednesday, 2 April, 2014, 2:56am

Luxury brands and high rents threaten old Hong Kong's character

An antique shop on Hollywood Road. Photo: SCMP

I live on Hollywood Road, which has been known as "antique street" for many years, thanks to all the antique and artwork shops scattered around the area. However, I am not sure if the street will keep its unique character in the years to come.

9 Sep 2013 - 6:56am 3 comments

Are labels ready for changing expectations of luxury shoppers?

Exterior of a Louis Vuitton shop on the the Champs-Elysees avenue in Paris. Photo: AFP

This time next week I'll be in Italy, and a rather fashion-obsessed friend of mine from Hong Kong has booked me for a day of shopping in Rome. Reluctantly, I've agreed.

27 Sep 2013 - 4:18pm

Asia invests in European fashion brands

Asia invests in European fashion brands

An appreciation of heritage, an eye for a bargain, or perhaps a bit of both - whatever the mix of factors, Asian investors have been acquiring prestigious, if sluggish, European brands for more than a decade, often bringing fresh verve to the businesses.

14 May 2013 - 11:14am

Luxury brands blame slowdown on China's gifting crackdown

Luxury brands feel the pinch as the mainland reins in gift-giving to curb corruption

The normally upbeat world of luxury goods, buoyed by Chinese demand, has been a little more sober and serious in recent months as slowing earnings at fashion houses and watch ateliers make as many headlines as their latest collections.

13 May 2013 - 10:33am 1 comment

Max Busser: watchmaker extraordinaire

The HM5 watch. Photos: SCMP Pictures

Spend a few hours with Max Busser and it quickly becomes apparent why the founder of rebellious watch brand MB&F is among the most respected people in the industry.

3 May 2013 - 5:17am

Global brands pause as store sales growth slows on China

Six high-end global retail brands reportedly plan to open 50 outlets in the coming years. Photo: Bloomberg

Global brands have scaled back their expansion plans on the mainland due to slowing growth in retail sales.

10 Apr 2013 - 5:47am

Luxury brands ‘bullying’ small businesses

Lawmaker Albert Ho Chun-yan. Photo: K. Y. Cheng

Luxury brands makers were increasingly targeting smaller businesses – rather than larger manufacturers – to seek compensation for brand infringements, lawmaker Albert Ho said on Friday.

9 Mar 2013 - 1:46am 3 comments

Soaring rents in prime locations push out local shops and restaurants

Jennifer Cheung is devastated she has had to shut up shop in coveted Causeway Bay because of soaring rent. She hopes to survive by moving online. Photo: Thomas Yau

When the lease on the 600-square-foot shop at 35 Yiu Wa Street, two blocks from the Times Square commercial-office complex, came up for renewal recently, Jennifer Cheung was shocked by the size of the increase.

20 Feb 2013 - 9:40am

Luxury brands still reaping big rewards in China

A worker furnishes a new luxury goods re-seller in Beijing. Photo: AP

The profit margins of global luxury goods retailers on the mainland are so substantial they are shocking, according to an industry insider.

18 Feb 2013 - 5:46pm

Rents rise as luxury brands return to West Berlin

The Kurfuerstendamm boulevard in Berlin. Photo: Reuters

West Berlin's Kurfuerstendamm is in fashion for the first time since Germany's reunification as luxury brands snub the east, pushing rents higher.

30 Jan 2013 - 3:44am

Gucci owner targets luxury brands to cash in on Chinese consumers

Men make up 55 per cent of China's luxury goods sales. Photo: Reuters

The firm that owns the Gucci and Yves St Laurent fashion labels is targeting more big brands in the luxury market, to cash in on the demand for status symbol fashion items among Chinese consumers with rising incomes and a growing willingness to spend.

29 Jan 2013 - 5:24am

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

People browse for handbags in the Paris department store Galeries Lafayette on January 9, 2013. Photo: AFP

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.

22 Jan 2013 - 4:43pm 4 comments

Luxury brands put own hands on deck

Burberry is one of several luxury brands that have dispensed with mainland agents to run their shops themselves. Photo: Bloomberg

Luxury brands are increasingly reclaiming distribution rights from their mainland agents to assert tighter control of sales channels and better meet the growing sophistication of shoppers in the world's biggest luxury market.

The latest example is British fashion house Jimmy Choo, which has acquired its China business from partner Kutu.

7 Jan 2013 - 4:31am

World's luxury labels target free-spending Chinese

A worker furnishing a new luxury goods store in Beijing. Photo: AP

Clad in a black and orange Prada winter coat with a diamond-shaped pattern she bought on a trip to Milan, Jennifer Ren embodies China's nouveau riche.

For the 27-year-old exhibition planner, accessories such as Dior handbags, Chanel perfume and necklaces by French jewellery house Van Cleef & Arpels are daily fashion essentials.

22 Dec 2012 - 3:37am

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