Andrew Keith, President of Lane Crawford, Asia’s premier specialty fashion retailer, on Tuesday announced two senior management hires for newly created positions that will drive the retailerR…
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China’s luxury buyers pull back as economy slows
Shares of the world’s largest jewellery retailer, Chow Tai Fook, tumbled nearly 8 per cent to a two-week low on Thursday on weaker-than-expected sales, deepening a sector-wide stock slump as Chi…
China mall space closing in on European levels
China will have more shopping centre space than Western Europe in 5 to 10 years, stoking fears of a property bubble as developers race to build glitzy malls for the country’s fast-growing middle…
China’s luxury shoppers turn to outlet centres for a few bargains
With China remaining firmly on track to become the world’s largest market for luxury goods, high-end brands are increasingly looking for ways and means to reach this massive, label-hungry consum…
Luxury apps pamper high-end shoppers
Luxury retailers inhabit an elegantly lit world of richly panelled walls, sleek stone floors and plush goods. For them and their upscale customers, digital commerce is a foreign land, full of flashing…
Riding the luxury wave in India
The luxury products market in India is expanding its ambit from the conspicuous-consumption consumers of the early years to the truly affluent households that wish to stand apart from the crowd.
Itali…
Recession fails to dent consumer lust for luxury brands
Brand Finance’s latest Global 500 study of the world’s top brands suggests that, far from cutting their cloth, consumers are turning their backs on traditional household favourites and low…
HK’s Lane Crawford move drives up rents in malls
Burberry’s move into Hong Kong’s Pacific Place mall has set off a chain reaction: bigger businesses are ousting smaller ones, possibly forcing rent rises.
At Pacific Place B…
Luxury brands from Facebook and short movies to old style promotion
During the latest Paris Haute Couture Fashion Week, many were surprised to learn they were no longer on Chanel’s invitees’ list. Despite organizing two shows, the French maison opted for t…