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Chinese Luxury Shopping Behaviour
The market for luxury goods in China composes a significant proportion of all luxury goods sales worldwide. In 2012, China surpassed Japan as the world's largest luxury market. According to a report by McKinsey in 2019, Chinese consumers are the engine of worldwide growth in luxury spending This rapid growth has been explained partly by the luxury consumption habits of the post 1980's generation influenced by the Chinese economic reforms of the 1990s leading to rapid growth in economic conditions and China's one-child policy. Growth of luxury spending in China has slowed significantly in the 2020s, with the market for luxury goods starting to shrink. Market characteristics Chinese luxury goods consumers are younger than their European counterparts, belonging to the 18-50 age group, compared to Europe's consumers who are generally in the 40 or over age group. For this reason, China's luxury goods market is expected to grow faster than that of Europe's. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Goods
In economics, a luxury good (or upmarket good) is a good (economics), good for which demand (economics), demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with superior goods. Definition and etymology The word "luxury" derives from the Latin verb ''luxor'' meaning to overextend or strain. From this, the noun ''luxuria'' and verb ''luxurio'' developed, "indicating immoderate growth, swelling, ... in persons and animals, willful or unruly behavior, disregard for moral restraints, and licensciousness", and the term has had negative connotations for most of its long history. One definition in the OED is a "thing desirable but not necessary". A luxury good can be identified by comparing the demand for the good at one point in time agai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bain & Company
Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and nonprofit organizations. One of the Big Three (management consultancies), Big Three management consultancies, Bain & Company was founded in 1973 by former Group Vice President of Boston Consulting Group Bill Bain (consultant), Bill Bain and his colleagues, including Patrick F. Graham. In the late 1970s and early 1980s, the firm grew rapidly. Bill Bain later corporate spin-off, spun off the alternative investment business into Bain Capital in 1984 and appointed Mitt Romney as its first CEO. Bain experienced several setbacks and financial troubles from 1987 to the early 1990s. Romney and Orit Gadiesh are credited with returning the firm to profitability and growth in their sequential roles as the firm's CEO and chairman respectively. In the 2000s, Bain & Company continued to expand and create additional practice areas focused on working ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Burberry
Burberry Group plc is a British luxury fashion house established in 1856 by Thomas Burberry and headquartered in London, England. It designs and distributes ready to wear, including trench coats, leather accessories, and footwear. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Early years 19th century Burberry was founded in 1856 when 21-year-old Thomas Burberry, a former draper's apprentice, opened his own store in Basingstoke, Hampshire, England. By 1870, the business had established itself by focusing on the development of outdoors attire. In 1879, Burberry introduced gabardine to his brand, a hardwearing, water-resistant yet breathable fabric, in which the yarn is waterproofed before weaving. In 1891, Burberry opened a shop in the Haymarket, London. 20th century In 1901, the Burberry Equestrian Knight logo was developed containing the Latin word "Prorsum", meaning "forwards", and it was registered as a trademark in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prada
Prada S.p.A. (, ; ) is an Italian luxury fashion house founded in 1913 in Milan by Mario Prada. It specializes in leather handbags, travel accessories, shoes, ready-to-wear, and other fashion accessories. Prada licenses its name and branding to Luxottica for eyewear and L’Oréal for fragrances and cosmetics. Founded in 1913 and named for the family of founder Mario Prada, the company originally sold imported English animal goods before transitioning to waterproof nylon fabrics in the 1970s under the leadership of Mario's granddaughter Miuccia Prada and her husband, Patrizio Bertelli. By the 1990s, Prada was perceived as a luxury brand, a designation credited to originality in its designs. To further the business, Miuccia Prada founded Miu Miu as a subsidiary of Prada around this time period; the company additionally partnered with LVMH to acquire a joint stake in Fendi; Prada further assisted LVMH in its failed takeover of Gucci. The brand struggled through the late 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salvatore Ferragamo S , a common diminutive of ''Salvatore''
{{disambiguation ...
Salvatore may refer to: * Salvatore (name), a given name and surname, including a list of people and fictional characters with the name * "Salvatore", a song by Lana Del Rey, on her 2015 album ''Honeymoon'' * Salvatore (band), a Norwegian instrumental rock band * '' Salvatore: Shoemaker of Dreams'', a 2020 film by Luca Guadagnino See also * San Salvatore (other) * Salvatori * Salvator (other), a Latin word meaning ''savior'' * Salvador (other), a Catalan, Spanish, and Portuguese word meaning ''savior'' * Salvo (other) A salvo is the simultaneous discharge of artillery or firearms. Salvo may also refer to: People and fictional characters *Salvo (surname), a list of people and fictional characters named Salvo, De Salvo, DeSalvo, Di Salvo or DiSalvo *Salvo (given ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chow Tai Fook
Chow Tai Fook group is a Hong Kong–based, privately-owned conglomerate with holdings in the jewellery, property development, hotel, department store, transportation, energy, telecommunications, port, casino, and other businesses. Despite the holding companies of the group, namely Chow Tai Fook Capital Limited, Chow Tai Fook (Holding) Limited, Chow Tai Fook Enterprises Limited, etc. being privately owned, the group has been partially listed on the stock market via associate company New World Development (, listed since 1972) and subsidiary Chow Tai Fook Jewellery Group Limited (, listed since 2011). As of 31 December 2018, New World Development was ranked as the 47th-largest company by market capitalization on the Stock Exchange of Hong Kong, which was HK$105.68061 billion. However, the size of the unlisted portion of the Chow Tai Fook business empire is unclear. The ''Financial Times'' quoted one banker of the Cheng Yu-tung family, who said, "You can't look at hengYT w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tiffany And Co
Tiffany & Co. (colloquially known as Tiffany's) is an American luxury goods, luxury jewelry and specialty design house headquartered on Fifth Avenue in Manhattan. Tiffany is known for its luxury goods, particularly its sterling silver and diamond jewelry. These goods are sold at Tiffany stores, online, and through corporate merchandising. Its name and branding are licensed to Coty Inc., Coty for fragrances and to Luxottica for eyewear. Tiffany & Co. was founded in 1837 by the jeweler Charles Lewis Tiffany and became famous in the early 20th century under the artistic direction of his son Louis Comfort Tiffany. In 2018, net sales totaled US$4.44 billion. , Tiffany operated over 300 stores globally, in many countries including the United States, Japan, and Canada, as well as Europe, Latin America, and the collective Asia-Pacific region, and is exploring opportunities in Africa. The company's product line features fine jewelry, sterling silver, watches, porcelain, crystal, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Versace
Gianni Versace S.r.l. (), usually referred to as Versace ( ), is an Italian luxury elite fashion company founded by Gianni Versace in 1978. The company produces Italian-made ready-to-wear and accessories, as well as '' haute couture'' under its Atelier Versace brand and licenses its name and branding to Luxottica for eyewear. Gianni Versace being a native of Calabria, in the ancient Magna Grecia (Greater Greece), the company logo is inspired by Medusa, a figure from Greek mythology. The brand was founded in 1978 by Gianni Versace and run after his death by his family: his brother Santo Versace and sister Donatella Versace while Donatella's daughter, Allegra Versace Beck, became the controlling shareholder having inherited her uncle Gianni's share. Her brother Daniel inherited much of his uncle's art collection. In September 2018 the company was sold to the Michael Kors group Michael Kors Limited and in January 2019, Gianni Versace S.r.l. became part of the Capri Holding ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ermenegildo Zegna Group
Ermenegildo Zegna N.V., also known as Zegna Group () or the Ermenegildo Zegna Group, is an Italian luxury fashion house headquartered in Milan. It was founded in 1910 by Ermenegildo Zegna in Trivero, Biella, in the Piedmont region of northern Italy. It is led by the Zegna family and is a public company that is listed on the New York Stock Exchange. History Foundation and early years The origins of the family business date back to the late 19th and early 20th centuries, when Michelangelo (Angelo) Zegna (1859–1923), a watchmaker from Trivero, Biella, decided to open a textile factory in the nearby town of Flecchia. In 1910, three of Angelo’s ten children, including the youngest Ermenegildo (born in 1892), along with a fourth partner, Costanzo Giardino Vitri, founded Lanificio Zegna & Giardino Vitri in Trivero in the Biellese Alps. With the early departure of Vitri and one of the brothers, Ermenegildo took the helm from the beginning, joined by his brother Mario until the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armani
Giorgio Armani S.p.A. (), commonly known as Armani, is an Italian luxury fashion house founded in Milan by Giorgio Armani which designs, manufactures, distributes and retails haute couture, ready-to-wear, leather goods, shoes, accessories, and home interiors. Among others, Armani licenses its name and branding to Luxottica for eyewear and L'Oréal for fragrances and cosmetics. It is considered Italy's third-biggest fashion group behind Gucci and Prada. In addition to the couture line Armani Privé, Giorgio Armani and Emporio Armani are the company's ready-to-wear lines that show at Milan Fashion Week. Selling at lower prices are Armani Collezioni, Armani Exchange and Armani Jeans. History Armani and his partner, architect Sergio Galeotti, founded Giorgio Armani SpA in 1975, reportedly on money from the sale of Armani's Volkswagen. Armani signed a license with Gruppo Finanziario Tessile (GFT) in 1978. The company also entered into a manufacturing and distribution license w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Louis Vuitton
Louis Vuitton Malletier SAS, commonly known as Louis Vuitton (, ), is a French Luxury goods, luxury fashion house and company founded in 1854 by Louis Vuitton (designer), Louis Vuitton. The label's LV monogram appears on most of its products, ranging from luxury bags and leather goods to ready-to-wear, shoes, perfumes, watches, jewellery, accessories, sunglasses and books. Louis Vuitton is one of the world's leading international fashion houses. It sells its products through standalone boutiques, lease departments in high-end department stores, and through the e-commerce section of its website. Louis Vuitton merged with Moët Hennessy in 1987 to create LVMH, of which it is a subsidiary. For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. The company operates in 50 countries with more than 460 stores ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dior
Christian Dior SE (), commonly known as Dior, is a French Multinational corporation, multinational luxury goods company that is controlled and chaired by French businessman Bernard Arnault, who also heads LVMH. , Dior controlled around 42% of the shares and 57% of the voting rights of LVMH. In addition, the Arnault family held a further 7% of the shares and 8% of the voting rights of LVMH as of that date. The original fashion house was founded by French designer Christian Dior in 1946 to make items. Clothing is now produced by Christian Dior Couture, which is a subsidiary of LVMH, whereas Christian Dior Societas Europaea, SE is a holding company that controls LVMH. Bernard Arnault's daughter, Delphine Arnault, has been the CEO of Christian Dior Couture since February 2023. Bernard Arnault's eldest son, Antoine Arnault, is the CEO of Christian Dior SE. History Founding The House of Dior was established on 16 December 1946 [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
