China Fashionistas Get Best Deals on Gucci, Hermes Bling - Yahoo Finance
Lets say your name is Laura Buccellati and your dream has always been to design and sell your own luxury purses and handbags. You are a descendant of the famous, Milan-based jewelry company, Buccellati, which makes high-end jewelry and silver products and sells them worldwide. (In fact, earlier this year, Buccellati released the most expensive bejeweled iPad and iPhone covers ever offered, which list for $485,000 and $208,000, respectively). You have been frustrated with the conduct of the familys business, and you feel unfulfilled in your role there, so you sell your interest and start a new handbag company in Florida called Laura Buccellati LLC. You are not concerned with name brand confusion because there are many similarities in the fashion industry Calvin Klein and Anne Klein and Lloyd Klein, Mark Jacobs and Adam Jacobs, Diane Von Furstenberg and Egon Von Furstenberg. People really seem to like your handbags and you start to make money. Then the Buccellati company sues you for infringing on their brand. They claim in U.S.
The Best-Selling Luxury Handbag Designers In Each Major City | StyleBlazer
Hidden Events In the past few months, weve signed deals for the first time with brands that didnt work with us for the previous four years, said Villet, who also introduced hidden events this year, restricted to VIP customers and catering to brands that didnt want public sales to tarnish their image. Some recent rounds of discounting have been low-profile, with word of private sales conveyed to regular customers through personal mail, text messages to their mobile phones, or popular online messaging apps such as Tencent Holdings WeChat. Cartier, the maker of $50,000 watches, sent a WeChat message in June telling some of its customers about a high jewelry exhibition with all pieces at Hong Kong prices in North China. Customers could follow up with a salesperson for details. Luxury Outlets A spokeswoman for Hermes said Aprils Hangzhou sales were held outside its own stores, similar to what it does in Paris, and the brand has organized such sales in past years in Beijing and Shanghai. Richemont spokesman Alan Grieve said the company doesnt comment on specific markets, while Ferragamo and Zegna staff were on summer holiday and couldnt respond to questions about the sales.
China Fashionistas Get Best Deals on Gucci, Hermes Bling: Retail - Bloomberg
With the dirth of brands fighting for a stake in the space, and the demand for goods overpowering the supply , its interesting to see which luxury handbag brands are keeping up despite the madness. In a report done by Fashionista in conjunction with online consignment start-up TheRealReal , they identified the top selling handbag designers broken down by city. Their findings do a great job of identifying what brands are trending around the country, and while most of the report is pretty predictable there were a few surprises. Click on the next pages to see which brands reign in cities like New York, San Francisco, Miami and more!
Why COACH, Michael Kors, Apple, GM and New Balance are Succeeding in China - Forbes
The country also levies consumption taxes of 20 percent on high-end watches and 30 percent for cosmetics. The effect of taxes and a price markup means luxury branded items end up costing 50 percent more in China than in Europe, said Sanford C. Bernstein analyst Mario Ortelli. Last year 67 percent of luxury products purchased by mainland Chinese were acquired outside the country, according to Bain. Sales Contribution Keeping mainland consumers spending is key for makers of luxury brands because China now accounts for a major portion of their sales. LVMH Moet Hennessy Louis Vuitton SA (MC) got about 30 percent of its 2013 revenue from Asia, excluding Japan, while Kering's luxury unit got 31 percent of sales from the region, according to data compiled by Bloomberg. Neither company breaks out China sales. About a quarter of fiscal 2014 sales at Cie.
I provide companies with go to market, expansion, consumer engagement, and supply chain strategies and implementation in China. Key areas of concentration are consumer products, retail, luxury, healthcare and automotive. I have completed projects and campaigns for more than 200 multinational as well as small and medium sized enterprises in China. I was previously managing director of China BrightStar, a china-focused consulting firm, and VP at Beijing Gongmei, a Chinese manufacturing conglomerate. I regularly appear in the media and am a frequent speaker at conferences, universities and special events providing insight on Chinese business, politics and culture. I am currently co-authoring a book on Chinas consumers to be published by J. Wiley and Sons in 2014.