ArabianBusiness.comNot being in India is bigger risk than being hereLivemintWith upscale hotel brands St Regis, W, The Luxury Collection, Sheraton and Westin and others such as Four Points by Sheraton, Le Meridien, Aloft and Element in its portfolio, Paasschen set about expanding in “rapidly developing” countries such as China ...Starwood to move HQ to Dubai […]
Delhi and Mumbai are still the key markets for luxury goods in IndiaTimes of IndiaSample this: on last count, Gucci and Hugo Boss had three stores in India as opposed to 35 and 86 respectively in China. The math done by a 2010 CII and AT Kearney Report is indicative of the low penetration of luxury brands in India.and more » […]
The Malaysian InsiderChina's luxury shoppers turn to outlet centres for a few bargainsThe Malaysian InsiderSHANGHAI, May 20 — With China remaining firmly on track to become the world's largest market for luxury goods, high-end brands are increasingly looking for ways and means to reach this massive, label-hungry consumer base. And the latest trend […]
What the Chinese WantWall Street JournalOn the other, there is the Chinese fixation with luxury goods and a willingness to pay as much as 120% of one's yearly income for a car. Every day, the Chinese confront shredded social safety nets, a lack of institutions that protect individual wealth, ...and more » […]
Globe and MailGraff Diamonds Said to Consider Seeking Prada-Like IPO ValuationBloombergChinese consumers account for about 20 percent of global spending on luxury goods and will make Asia the fastest growing market for luxury goods in the world, Graff said in the filing. Graff may offer its shares in a range of 18 to 24 times estimated ...Graff Seeks $1 Bill […]