Paris and Europe in general are losing track as hot spots for buying luxury goods, as the crisis hits China’s middle class, and consumers move from luxury goods to lifestyle, tells business analyst Shaun Rein in WSJ. “Why buying expensive goods, if you cannot have clean water and air?”Read More →
For the first time in a decade growth of luxury goods in China has stalled, as inflation is larger than the recorder growth, says China’s rich list founder Rupert Hoogewerf, and composer of the China Luxury Goods Price Index in the Shanghai Daily. Causes: the fight against corruption and the economic downturn.Read More →
China’s rich have just found another thing they love to have, the European butler, explains Hurun rich list founder Rupert Hoogewerf to Aljazeera. But not for long, as Chinese butlers are getting European training too.Read More →
Business analyst Shaun Rein appeared on the “On China” show of CNN’s Kristie Lu Stout, discussing China’s growing consumption, Barbie and how even in a downturn China’s wealthy will become wealthier.Read More →
Previous darlings of the luxury industry like Louis Vuitton, Gucci, Omega, Versace and Hugo Boss are out of grace, as the country’s really rich focus on high quality, the real stuff, in stead of those parvenu brands. Hurun founder Rupert Hoogewerf explains in the China Daily what has changed.Read More →
Chinese consumers still buy luxury goods, despite a relative economic dip, says business analyst Shaun Rein in the New York Times. But their preferences are shifting and diversifying, depending on demographics and spending power.Read More →
The economic slowdown is now also hurting the confidence of the luxury consumers, concludes rich-list founder Rupert Hoogewerf or Hurun, based on the 2012 Hurun Luxury Price Index, quoted in the China Daily. Growth is the lowest in six years time.Read More →
Australia is one of the favorite destinations for 40 percent of the Chinese tourists, even beating France and the US. Retail analyst Paul French of Access Asia explains in InsideRetailing why.Read More →
China’s consumers continue to spend, despite a small dip in growth, also for decorating their homes, argues business analyst Shaun Rein, and goes against JWT executive Tom Doctoroff, who says Chinese consumers go for cheaper products. Shaun Rein dismantles three consumers myths in Business Week.Read More →
Chinese new year is nearing fast, a traditional gift-giving season. Most of those luxury gifts from China’s rich are foreign, European to be precise, says a study done by Hurun, the research company founded by Rupert Hoogewerf, reports the China Daily. Only Chinese liquor moutai makes it into the top-10.Read More →
The purchase of world’s largest yacht-maker Ferretti Group to a Chinese bulldozer maker Shandong Heavy might be taken a another sign of China’s drive to go global, China’s rich still have to discover the excitement of of yachting, tells Hurun founder Rupert Hoogewerf in Bloomberg. China is not a natural home market.Read More →
Income inequality in the USA is larger than in China and Iran, says a report from the CIA, even though China has a huge income divide too. But one part it has done better than the USA: it taxed the rich, where the money is, not the poor, says business analyst Shaun Rein in Forbes. Read More →