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Luxury Marketing Council Set To Launch Mainland China Chapter
Chapter To Officially Launch At 2011 Luxury Market In China Summit In Shanghai The Luxury Marketing Council was founded in 1994 in New York Founded in New York in 1994, the Luxury Marketing Council is...
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Report: Greater China Luxury Sales Set To Surpass Japan For First Time
PricewaterhouseCoopers Report Also Notes Opportunity Of Second-, Third-Tier Chinese Cities. Retail sales in Asia (in US$ billion) (Image: PriceWaterhouseCoopers) Underlining the importance of Asia to...
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What Slowdown? Luxury Giants LVMH, PPR Cash In On China Demand
China Luxury Market Expected To Grow Up To 22 Percent In 2012 Louis Vuitton opened its first mainland China Maison in Shanghai last week Following up strong earnings results from Hermès — which...
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China’s Wealthy Millennials Want “Newness” and “Speed:” Bain
China’s luxury industry players emitted a collective sigh of relief on Wednesday as Bain and Company reported China’s luxury goods market took its biggest leap forward in sales in six years. It’s six...
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Opinion: These 8 Qualities Define Chinese Youths
Brands are desperate to reach the younger generations of Chinese. Consumers born after 1980 already account for over 20 percent of luxury product sales in China, according to Bain & Co, and the...
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The Art of Selling: Louis Vuitton’s Museum-Like Show Courts China Buyers
The global consultancy Bain & Co. recently predicted that purchases in China will generate nearly half of all the luxury industry’s sales by 2025. So for international luxury brands, the question...
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What to Expect from Chinese Spending Outside China in 2019
2018 was a year of intense change in cross-border China retail, marked by rapidly evolving consumer trends, as well as enhanced services and solutions to aid and delight global Chinese shoppers. As the...
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Bain & Co: The Next Growth Engine for Luxury? Gen Z
Aside from macro-factors like the ongoing U.S.-China trade dispute and China’s economic slowdown, Chinese consumers remain the backbone of the global luxury industry. The country has contributed 18-20...
View ArticleWhy Digital Wallets Aid Luxury Sales
Mobile payments have proliferated in China since 2004 when Jack Ma and Alibaba Group first launched Alipay. Today, mobile wallets dominate China, and Alipay is the indisputable global leader in mobile...
View ArticleBain & Company: Chinese Consumers Will Make Up Half of Global Luxury...
Faced with the prospect of a global collapse driven by worldwide lockdowns and shutdowns, the ongoing COVID-19 pandemic has been a wakeup call for the luxury industry, forcing many companies to rethink...
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