Mainland, Hong Kong’s richest man led to a luxury consumer goods market in China, promising
January 23rd, 2010
Hong Kong “Bauhinia” magazine in May, No. An article said that Mainland China is now Asia’s most wealthy areas of the rich. Regal luxury for the mainland’s largest consumer. Experts believe that China’s “save” into the global luxury market downturn probably not true, because China is a developing country, after all, consumption habits and the West are different. However, the Mainland consumers to “save” the luxury goods market, Hong Kong and Taiwan, but added is entirely possible, but also very realistic.
The world’s luxury report [luxury.icxo.com] in the international economic market, the luxury has been considered to have a stronger ability to ward off recession because it is taking the high-end, especially the top line, customer base is relatively stable, and has a demand for rigid, At the same time the product is also highly cyclical. However, as the post-war the most serious global financial crisis, the luxury goods market in the current round of economic recession can not be spared. However, the latest one on the Mainland, which has 10 million net worth of the richest 825,000 people news, luxury market was looking forward to the Hong Kong and Taiwan.
This year’s global luxury goods sales will be reduced into one or more
Hong Kong is a world-renowned luxury capital. From Central to Causeway Bay, Gucci, LV, Prada, Amani and other luxury goods shops everywhere signs and visibility; luxury cars, yachts have been seriously contested. But nowadays the situation bleak sales for luxury goods, cars, yachts, jewelry watches and other luxury items, across the board “jumped the water”, playing the merchant discount card, but still difficult to pull popular. It is learned that boat last year, the company said revenue fell roughly into three. Jewelry, luxury watches, is not optimistic about the sales situation, one in Hong Kong more than 10 branches of the Jewelry and Watch Company, in December last year, the turnover of the same period the previous year plunge into two, before and after the Spring Festival this year, compared with last year’s turnover decreased by a number.
Taiwan’s luxury Quotes are down. Although according to the world-renowned brands, De Beers diamond statistics, more than 5 karats in Taiwan last year sales of large-carat diamonds, the highest in the world’s first, but other luxury goods are not so lucky. A company’s high-income groups in Taiwan and the outlook for consumer habits survey, Taiwan Bacheng pessimistic about the prospects of high income earners, and will greatly reduce consumer spending, of which the first reduction in consumer items, the luxury goods came in second bit. A number of active second-hand stores to fill the need, but no money to buy luxury goods market space.
In fact, the luxury goods market is being hurt not only Hong Kong and Taiwan. According to the U.S. market, a consultancy firm predicts that the global luxury goods sales will be reduced into one, facing the first recession in six years. United States, Europe and Japan are the major market for luxury goods. Sales of these three markets accounted for 80% of total sales value of luxury goods. According to market research reports, sales in Europe and Japan is expected to decline 10 percent this year, while sales in the U.S. market will fall 15%.
Luxury market in the Mainland under adverse temperature
When the luxury in the traditional market experience “cold” when, in the Chinese market is doing well, the Chinese mainland has become a haven for luxury goods.
The world’s top selling brand first global president of Bernard Hennessy recently released to the media in Guangzhou, to
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