Worldcrunch
ROME – Italy is a place of culture, beauty, and a well-oiled style of life — crisis or not. Foreigners always return for more. But in order to make sure that the tourists keep coming back — and telling their friends — some guidelines are needed. According to data from the federation of hotels “Fedalberghi”, […]
Hung Huang has come to Paris to unlock the secrets of the Chinese fashion market.
HAMBURG – When a Chinese customer with a lot of money buys a Ferrari, as soon as the salesperson hands over the keys, the fun can begin. When a Chinese with a lot of money buys a Steinway, the grand piano is delivered, placed in the living room – and then what? “Friends come over, […]
PARIS – Boosting sales and maintaining the allure. Such is the challenge today for arguably the world’s most luxurious brand – Louis Vuitton. And that task falls to Jordi Constans, the former Danone food company executive, who is the new head of the largest subsidiary of the prestigious French LVMH (Louis Vuitton – Moët Hennessy) […]
BEIJING – While many other luxury brands are facing a sharp decline in their sales in China, the American brand Coach is busy writing a different story. As a relatively more accessible luxury brand, its prices have always been 50-75% lower than the top luxury brands. Now for the first half of this year, it […]
PARIS – The price of luxury products is skyrocketing. The quasi-hypnotic appeal of some brands and the increasing number of extremely wealthy clients throughout the world is enabling luxury brands to hike prices to stratospheric levels year after year. A pair of John Lobb shoes, a Kelly Hermès bag, a kilo of Petrossian Sevruga caviar, […]
YANGZHI RIVER DAILY, CHINA DAILY (China) , EPOCH TIMES (USA) Worldcrunch (BEIJING) – The Chinese Communist Party has recently come up with a new bright idea on how to curb rampant corruption among China’s officialdom: training courses on how to identify conspicuous consumption. By organizing “appraisal lessons of luxury goods and artifacts,” the cadres of […]
Until now, showing off was more of a male thing: for many representatives of the so-called stronger sex, flashing status symbols like fast cars and conspicuously expensive watches is, it seems, important. But women are catching up. “As a result of their increasing economic independence, more and more women are encroaching on what has traditionally […]