Red Luxury

New Website Seeks to Expand China’s Fashion Education

Red Luxury H — Thu, 17 May 2012 18:49:26 +0000

Understanding that educating the Chinese luxury consumers comes before commerce, the newly launched members-only fashion website Bomoda offers China’s 200 million luxury consumers an opportunity to learn about those Western brands beyond the current handful of favorites. Expanding China’s fashion education is key to the continued growth of the Chinese luxury market. Run by a staff [...]

Chinese Are Growing Weary of Domestic Brands

Red Luxury H — Wed, 16 May 2012 18:20:19 +0000

In a recent research report Barclays Capital says that after continued double-digit wage hikes, many more mainland Chinese aren’t just getting wealthier, but also more discerning on how they spend. Increasingly, they are looking at premium products and often, foreign ones. This, they say, applies to both staples and discretionary consumers brands. Mainland companies who haven’t [...]

Jean Paul Gaultier’s First Beijing Show

Red Luxury H — Tue, 15 May 2012 17:29:55 +0000

Miss World Zhang Zilin, actress Jennifer Tse, actor Simon Yam and model Qi Q, and about a thousand other spectators swarmed in to see Jean Paul Gaultier’s first Beijing fashion show at the new Chaoyang Urban Planning Museum. Gautlier’s fall-winter men’s and women’s ready-to-wear and couture collections were proudly displayed. The raucous audience included [...]

Why Chinese Firms Are Reviving Western Luxury Brands

Red Luxury H — Mon, 14 May 2012 20:57:13 +0000

With most of the growth in the fashion and luxury sectors for the next decade posed to come from China, Asian firms are snapping up Western heritage brands for the Chinese market and in some cases, become global luxury players. Many of these brands are trophy assets that are in need of revival. Since they already [...]

All Aboard: Luxury Yacht Companies Seek Captains and Crew for China

Red Luxury H — Fri, 11 May 2012 14:47:39 +0000

With the Azimut Benetti Group, which hopes to sell 4 to 5 yachts in China this year, and Sunseeker International Ltd., who sold 10 yachts to China last year, there’s no shortage of luxury vessels in the country. However, as these companies expand, it is becoming increasingly difficult to find seasoned captains and crew for [...]

Group Buying Loses Some Luster in China

Red Luxury H — Thu, 10 May 2012 18:05:30 +0000

China’s group buying market is overcrowded. In December 2011, 3,909 Groupon-like group-buying websites existed in China. Now, half of them have shut down, and experts say only the top 10 will survive an ongoing shuffle. A recent report from tuan800.com, a leading group-buying service navigation site in China, says that more than 2,000 of the sites [...]

Coach’s China Business is Soaring

Red Luxury — Wed, 09 May 2012 20:26:43 +0000

Coach is winning over Chinese aspirational consumers and business is good. The aspirational luxury retailer announced strong sales and profits for its third quarter driven by impressive growth in its China business. China continues to be high priority for Coach as it becomes the company’s largest geographical market outside of the U.S. Coach’s China sales soared [...]

Pinterest For Luxury Goods – China’s Version

Red Luxury — Tue, 08 May 2012 20:17:39 +0000

The popularity of Pinterest has spawned a host of similar websites in China, some with their own add ons. According to PSFK, “Buykee takes the platform one step further, showing-off luxury items and also adding an e-commerce aspect which Pinterest currently lacks.” Pin and shop — perfectly seamless! Some of the Chinese versions [...]

Luxury Brands Want Chinese to Pay More in Europe

Red Luxury H — Mon, 07 May 2012 19:13:32 +0000

Snatching up bargains in Europe might be a thing of the past for Chinese luxury travelers if the major labels get their way. LVMH Moet Hennessy Louis Vuitton SA and several other luxury brands are planning to raise prices in Europe as a way to make up lost profit in China. “The combination of the two [...]

Aquascutum Acquired By Chinese Company

Red Luxury H — Fri, 04 May 2012 21:03:39 +0000

The Hong Kong-based YGM Trading, who manages the likes of Guy Laroche, Charles Jourdan, and J. Lindeberg, plans to purchase Aquascutum Ltd., the only part of the British heritage brand that the group does not already own. YGM controls Aquascutum’s intellectual property rights and Asian business, which generates about 80 percent of global sales and 100 [...]