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Luxury, 50% of sales in China by 2025
According to Deloitte, from a geographic point of view, Asia and the US are driving the market recovery with Chinese consumers confirmed as the most active ones in 2022.
June17,2022
Shanghai says goodbye to luxury as it shifts to lower-tier cities
According to the latest report by Hylink experts, demand for high-end products has accelerated significantly in Changsha, Ningbo, Wuxi, Shenyang, Chongqing, Chengdu, and Xi’an, with local consumers leading the way. Sales boom in Hainan Island, China’s most sought-after tourist destination
January04,2023
Global luxury carmakers bet on China's NEV market
Global luxury carmakers attending the third China International Consumer Products Expo have set their sights on the world's largest new energy vehicle (NEV) market.
April17,2023
Chinese young people discover luxury
The behavior of young Chinese people is causing champagne corks to pop in the global luxury business.
July18,2018
Japan's SoftBank to acquire U.S. Fortress Investment Group for USD3.3 bln
SoftBank Group Corp. announced Wednesday it will acquire U.S. investment company Fortress Investment Group for 3.3 billion U.S. dollars as the Japanese tech conglomerate continues to expand its foreign acquisitions by stepping into the investment fund mar
February16,2017
Luxury sector struggled in China and Southeast Asia in the quarter
Gucci and EssilorLuxottica reported the impact of lockdowns on consumption in China and of the new Covid-19 outbreak in India. The French-Italian eyewear Group grew by 38% worldwide and by 3% in Asia Pacific
May05,2022
Lincoln brings quiet luxury to China
U.S. automaker Lincoln has unveiled two models at the Shanghai auto show as part of its commitment to offering Chinese customers more diverse products and enhanced personalized ownership experiences.
April21,2017
New openings in China by European fashion and luxury brands
Hermès, Missoni and OTB-Only The Brave Group are expanding in the Asian country with new retail openings. The French fashion house has opened a new store in Wuhan, Missoni in Chengdu, and OTB Group in Shanghai. Fabiana Filippi will open one in 2023
July20,2022
Zegna enters the luxury pavilion of Tmall
Balance sheets confirm the positive results of the previous year: a project to relaunch the Z Zegna label, which will be unveiled at Pitti Immagine Uomo, the partnership with Alibaba for the e-commerce presence within the Tmall luxury pavilion in China.
April26,2019
Luxury giant says Chinese market makes up for U.S. downturn
LVMH, the world's leading luxury products group, has said that while the recovery of the Chinese sales market has helped business remain steady, the U.S. luxury market has slowed down.
July28,2023
French luxury department store to land in Shanghai
The French luxury department store Galeries Lafayette will open a store in Shanghai, its second outlet in China.
March02,2018
Luxury yacht builder Sanlorenzo aims to double sales in China and Asia
The plan involves acquiring the biggest yacht distributor based in Hong Kong to establish a presence in the Chinese market, specifically on Hainan Island and Singapore. The goal is to reach a target of 200 million euros by 2030.
August30,2023
Italian luxury footwear at a physical exhibition in Moscow
Thanks to the format studied by BolognaFiere, fifty Italian footwear producers have been able to exhibit their collections at the ongoing fair in Moscow with the support of the local personnel, in contact with Italian sellers via web.
March26,2021
Equita to be positive about luxury after China’s reopenings
According to analysts, the easing of restrictions is positive for the sector. Italian Moncler and Ferragamo and French LVMH and Kering have been indicated among the favorite stocks
June06,2022
China to build first luxury cruise ship
China State Shipbuilding Corporation (CSSC) announced Wednesday that it will build China's first luxury cruise ship, which is expected to begin operations as early as 2021.
June01,2017
Luxury consumption to boom during October Golden Week
CR Land luxury shopping malls, with 48 active department stores and 60 under construction, recorded a 32% rise in sales compared to 2019, with an overall 87% growth during the first half of 2021. The trend has been positively affected by the Government’s common prosperity campaign.
October26,2021
IEG to open in Singapore with two new exhibitions on luxury and food
The Group led by Corrado Peraboni, which organizes the exhibitions in Vicenza and Rimini, signed an agreement with the city-state to expand its presence in the Southeast Asian market. In China it already organized exhibitions in Chengdu and, soon, in Shenzhen
October06,2022
Light show illuminates luxury business district in Shanghai's Jing'an District during Spring Festival
Shanghai's Jing'an District launched a light show in the Nanjing West Road business center, integrating theme consumption activities and entertainment performances to celebrate the Spring Festival.
February20,2024
China lone bright spot in gloomy luxury market
China's luxury market has flourished while the global luxury sector has seen its largest ever fall in 2020 due to the COVID-19 pandemic, according to a global management consultancy.
November23,2020
Luxury brand Longchamp sets its eyes on China
French luxury fashion house Longchamp plans to open more stores in China in order to expand its presence, considering the huge growth potential, Longchamp CEO Jean Cassegrain said.
April21,2017
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