Category Archives: fashion

What are Chinese tourists buying? – Wei Gu

Chinese tourists have taken over cities like Paris and Milan, purchasing large amounts of luxury goods. WSJ’s wealth editor Wei Gu gives a few tips for foreign companies. Stay out of China, and do not expect to make money on food and hotels.

Local is hot for China’s fashion brands – Wei Gu

President Xi Jinping’s austerity drive comes at the right moment for China’s domestic fashion brands, notes WSJ wealth editor Wei Gu in the Wall Street Journal. China’s first lady Peng Liyuan puts a Guangdong brand, Exception, in the spotlight.

Sports wear: more fashion than sport in China – Shaun Rein

Adidas sales show in China a jump of 15% in a rather contrary sport wear market. In the WSJ business analyst Shaun Rein explains how the market works differently from elsewhere in the world. “In China its more about fashion than sports.”

Chinese shoppers fund French luxury tycoons – Rupert Hoogewerf

The world’s most successful luxury tycoons can be found in Paris, like Bernard Arnault of LVMH and Liliane Bettencourt of L’Oreal. Most of the luxury goods market is funded by Chinese shoppers, tells Hurun China rich list founder Rupert Hoogewerf in the People’s Daily.

Africa, the new target for affluent Chinese – Wei Gu

Bored with Hong Kong, Milan and Paris, China’s rich are turning to new places, notably in Africa, writes Wei Gu, luxury editor of the Wall Street Journal in Scene Asia. Botswana, Namibia, South Africa and Zambia are on the agenda. 60,000 visited Africa in the first half of 2012, a jump of 68%.

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.

Starbucks: a symbol of wealth – Paul French

In China Starbucks is not a place where you only fetch coffee, it is a symbol you have made it, as a person, and as a city where the global chain sets up shop, tells retail analyst Paul French in Adage.

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.

China’s rich now only go for top luxury brands – Rupert Hoogewerf

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.

Burberry runs out of steam – Paul French

China’s luxury goods market might still be going strong, despite a dip in the country’s growth. But previously popular brands like Burberry are losing traction, tells retail analyst Paul French in the Huffington Post. But there is still hope.