Ginza area Tokyo

Tokyo’s fashion stores slowly reopen

According to local and international media, Tokyo‘s fashion business is gradually getting back to usual. After the earthquake hit Japan on March 11, many brands including Louis Vuitton, Prada, and Cartier acted to bring some of their executive staff back to their home countries and closed local boutiques. News outlets including WWD and Racked now [...]

Bernard Arnault LVMH

LVMH to Acquire Jimmy Choo?

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, seems to be having an inspirational spring shopping time. Just one week after sealing the deal to acquire Italian jewelry house Bulgari, LVMH joins the race for the celebrities’ shoemaker, Jimmy Choo. As Sunday Times reported this weekend, the shoe brand, founded [...]

Gucci Weibo

Western luxe brands turn to China’s Twitter, Weibo

Louis Vuitton, Chanel, Gucci, and Burberry are testing the Chinese microblogging service Weibo to research their most promising market of the future from the inside. The platform, which grows at 10 million users per month, has been attracting an elite of Western luxe brands over the past month, testing ideas for campaigns or other projects [...]

wondergirls chloe

China shifting to no-logo luxury

The tastes of China’s wealthy are shifting away from designer goods with flashy logos to more understated luxury brands, the chief executive of French fashion house Chloe said Friday. That shift has helped Chloe become one of the Swiss luxury goods company Richemont Group‘s fastest-growing labels in China, its CEO said. “China has been very [...]

Louis Vuitton store Ginza

Japan’s young generation closes ‘luxury wallet’

According to a Women’s Wear Daily report, young Japanese shoppers are less impressed by designer brands and more value-driven than their parents. The consulting firm McKinsey & Co. already reported last July that “almost 30 percent of shoppers under 30 in Japan named price as the most important factor they consider when shopping, compared to [...]

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 [...]

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