Louis Vuitton Shanghai shopping mall

China biggest luxury goods market by 2020

China will be the world’s biggest luxury goods market by 2020 as its economy booms and an emerging middle class spends a growing chunk of their cash on high-end items. Over the next decade, Chinese consumers — including a surging number of billionaires — will account for 44 percent of global spending on goods such [...]

Prada fashionshow Beijing

Prada latest label to target booming China market

Miuccia Prada has already won plaudits for her spring/summer 2011 collection — simply-cut dresses and suits in a quirky mix of stripes and solids, with bold splashes of orange, violet and electric blue. But by displaying the clothes on a runway in Beijing on Saturday evening, her first catwalk show outside Europe, and adding a [...]

Skema Business School

French Business School Offers Luxury Degree in China

The phrase “made in China,” once anathema to luxury brands for its suggestion of counterfeiting, is acquiring new meaning in the context of professional education. Beginning in September of 2011, Skema Business School , which is among the largest of France’s Grandes Écoles, will offer the degree of master of science in luxury and fashion [...]

gilt luxury website

Men’s luxury e-commerce site to launch

Invitation-only flash sales site Gilt Groupe plans to launch a full-price men’s retail site in summer 2011, the company announced Tuesday. Gilt Groupe is a shopping site that specialises in 36-hour flash sales with designer brands like Vivienne Tam, Marc Jacobs, and Derek Lam sold for up to 70 percent. The site offers a curated [...]

cerruti store

China’s Trinity Limited buys Cerruti

Chinese clothing retailer Trinity Limited said Wednesday it has agreed to buy the Cerruti luxury fashion and perfume brand for a maximum of 70 million dollars. Trinity Limited said its purchase of Cerruti Holdings “fits in with the Group’s strategy to own intellectual property rights or take on very long term licenses in high-end to [...]

Ne-Tiger

Western luxe still rules China

The Chinese luxury site NobleChinese posted a Top Ten List of preferred domestic luxury labels, as chosen by its readers. Only two of the entries are fashion brands affirming that when it comes to fashion, Western brands are still the best-known and favored amongst Chinese netizens. It comes as little surprise: A September 2010 study [...]

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