Category Archives: Gucci

Prada tries to become again relevant for the China consumer – Ben Cavender

Getting traction from Chinese consumers is increasingly becoming harder for brands. Prada has been investing in its relationship, but has a hard time to become relevant again for their key…

A Gucci front in the Sino-US accounting wars – Paul Gillis

China has banned the US accounting watchdog PCOAB from peeking into the papers of Chinese companies, fearing infringement of state secrets. Accounting professor Paul Gillis sees, in his weblog, a new front, as Kering, parent of Gucci, asks a US court to demand the book of the Bank of China.

Strategies to survive the anti-corruption drive – Rupert Hoogewerf

The anti-corruption campaign by President Xi Jinping has hit entertainment and the gift industry hard over the past years, tells Hurun Rich List founder Rupert Hoogewerf in the Financial Review and details the fallout. “We have seen the emergence of the so-called affordable luxury brands like Coach or Michael Kors.

Luxury bag sets record price – Wei Gu

Some luxury brands have been slashing prices to keep their Chinese customers. But as a fuchsia Hermès Birkin bad with diamonds sets a record price in Hong Kong, WSJ wealth editor Wei Gu wonders in Marketwatch whether luxury goods are really in the doldrums.

Logo fatigue in China – Shaun Rein

Famous brands are losing their star status in China, as preferences of consumers shift, tells retail analyst Shaun Rein at Adage, in its 2014 of changing consumer trends in China.

Winners and losers at China’s luxury market – Wei Gu

Europe has been a traditional winner in China’s luxury market, but both brands and countries are losing market share to Asia, and to a lesser degree to the US, discovers WSJ wealth editor Wei Gu in a discussion with HSBC’s Erwan Rambourg. Chinese travel more, and discover more and existing products.

Private shopping: new approach for wealthy Chinese consumers – Paul French

Shopping in a secluded environment of private houses for sometimes personalized high-end items adds a new feature to the way how wealthy Chinese prefer to spend their money. Retail analyst Paul French comments in the Sydney Morning Herald on a new feature.

Jewelry, the next thing for Chinese consumers – Ben Cavender

Bag-seller Gucci bought a majority share in Chinese jeweler Queelin to enter a new segment of the luxury market. A smart move, says business analyst Ben Cavender in Business Week, as jewelry might be the next big thing for Chinese consumers.

Will China become a consumer paradise? – Paul French

China’s government is trying to change its economy from export and investment oriented into a consumer nirvana. Unfortunately, writes retail analyst Paul French in Channel4, corruption and inflation hinder that policy greatly. What will the upcoming CCP-congress bring?

Hermes, best of the best for luxury buyers – Ben Cavender

Some luxury brands keep on growing, despite a recession. Hermes expects to grow, also in the upcoming five years and Ben Cavender, principal at the China Market Research Group explains on China Daily why.