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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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2011 Hurun Best of the Best Awards

Luxury-brand awareness is growing among China’s super rich, who recognize 20% more of the lavish brands than they did last year, according to the Hurun Report. The 2011 Best of The Best Survey, which interviewed 401 Chinese mainland millionaires, each with assets of more than 10 million yuan ($1.5 million), said the super rich in [...]

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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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Luxury brands battle for fans on Facebook

On Monday, November 22, Gucci hit the 3 million fan mark on Facebook. The Italian label may soon surpass Burberry, which boasts 3.2 million fans, as the most widely followed fashion brand on the social networking site. Gucci’s Facebook milestone follows hot on the heels of the announcement made by Burberry on November 19 that [...]

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Louis Vuitton, Chanel top China’s most-wanted list

China’s ever increasing economic clout has again been reflected in a survey on consumer tastes in luxury goods which has shown the nation not only knows what goods it wants, it most certainly now has the means by which to buy them. A report released this week by Bain & Company has claimed China is [...]

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