Luxury Fashion Market
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Thea Rainbow

Thea Rainbow | Luxury Fashion Market | Scoop.it
Thea Rainbow, a line of personalized, unique and customized jewels set with coloured gemstones!
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Hermès doesn’t make it easy for you to buy its stuff. That’s why it sells so well.

Hermès doesn’t make it easy for you to buy its stuff. That’s why it sells so well. | Luxury Fashion Market | Scoop.it
What the 180-year-old maker of the legendary Birkin bag has in common with a hipster craft brewery.
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The Chic Selection EN

The online platform for buying and selling authentic second hand luxury.
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www.thechicselection.com

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2014 Luxury Industry Predictions from the Experts - Luxury Society - Editor's Note

2014 Luxury Industry Predictions from the Experts - Luxury Society - Editor's Note | Luxury Fashion Market | Scoop.it
Luxury Society spoke with a panel of industry experts to find out what’s in store for luxury in the coming twelve months
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Interesting!

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A second life to luxury - The Chic Selection

A second life to luxury - The Chic Selection | Luxury Fashion Market | Scoop.it
The Chic Selection A second life to luxury
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Preloved Luxury

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5 Common Mistakes to Avoid on Google+ - Jeffbullas's Blog

5 Common Mistakes to Avoid on Google+ - Jeffbullas's Blog | Luxury Fashion Market | Scoop.it
Google+ is the second largest social media network.behind Facebook and people are still confused about it. Here are some common mistakes to avoid on Google+

Via David Blundell
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David Blundell's curator insight, May 17, 2014 1:08 AM

Some good tips from Jeff Bullas on making sure you optimize your Google+ account. Don't know why he used Leo Sayer for the image though! . . .

Sylvia Alvarez's curator insight, May 19, 2014 4:48 PM

Artículo interesante donde se plantean errores que cometemos por desconocimiento en el uso  de la herramienta Google+.

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China's Luxury Market: Evolving, Not Declining - Jing Daily

China's Luxury Market: Evolving, Not Declining - Jing Daily | Luxury Fashion Market | Scoop.it

With an estimated 2.5 percent growth rate for 2013, the Chinese luxury market is slowing down. However, the perception should be nuanced: a deceleration is not a crash. Although the Americas are predicted to see a higher growth rate than China this year, Chinese travelers are spending more abroad.

That luxury demand is not decreasing, but evolving was a conviction shared by the 80 Chinese luxury experts, brand professionals and designers participating in the sixth edition of Insight Shanghai on October 24th and 25th. The two-day conference and workshop provided firsthand insights on the evolving sense of luxury with Chinese characteristics. Here are some key findings.

The end of conspicuous consumption?

In 2012, the Chinese government obliged officials to limit certain practices like hosting lavish banquets and gift giving, and adopt less conspicuous lifestyles. The official ban came soon after the Chinese blogosphere expressed its anger with seeing government officials photographed flaunting luxury watches and bags. The newfound frugality of the China elite had a strong impact on a limited number of categories: watches, banquet catering, flowers, and teas, but it has found an echo in people’s minds.

Mr. Wang Hua (王华) from KEDGE Business School introduced his speech by saying “nowadays, being ostentatious is tasteless in China.” Fu Jiong, design professor at Jiaotong University confirmed this, saying that for him the “bad taste” of Chinese nouveaux riches provokes today more irony than envy. Meanwhile, sociologist Lu Xiaoming (陆晓明) emphasized the growing interest of well-educated intellectuals and the new middle class in the refined lifestyle of the scholars of ancient China. At that time, he told, playing music for oneself, drinking wine to speak to the Muses, and enjoying natural landscapes were considered the ultimate luxury pleasures. One can hardly imagine today’s Chinese executives playing guqing while looking at misty mountain landscapes or declaiming poetry, but the aspiration is on the rise.

Less logo, more quality

As luxury perceptions are maturing, consumers are placing more value on the soul and intrinsic qualities of luxury items. Thus, they are becoming a bit tired of amassing luxury brands and logos and pay more attention to quality, scarcity, and craftsmanship.

The “C” logo of Coach once personified the luxury aspirations of the middle class. In 2012, the brand introduced the Legacy Purse to Chinese consumers. With its simple lines, quality leather, and modest logotype, the handbag has become a discreet sign of recognition among Coach connoisseurs. Another example is the recent development of secondhand luxury boutiques such as Milan Station where luxury accessories can find a second life. Finally, Ms. Guan Yin, Design manager from Eagle Ottawa—a company which specializes in leather for the automotive industry—reported that the touch of genuine leather is increasingly valued.

Perhaps, the idealization of frugality and culture reveals a bit of snobbery from the new Chinese business executives and academics present at the event. Indeed, the best-selling iPhone 5 in China is gold-plated, and 59 percent of luxury consumers prefer brands to express their social superiority, according to Bain. Connoisseurship is growing, but the appeal of the status symbol is definitively not dead!

Younger and connected, here comes the new luxury consumer!

Demographics are driving another evolution of the luxury market in China. According to a survey published by Bocconi University in 2012, Chinese luxury consumers are 14 years younger than European peers and 25 years younger than American peers. In the next three to five years, consumers from 25 to 30 years old will be the main group in luxury consumption. Once dominated by the male consumer between 35 and 45 years old, the newest rising segments on the Chinese luxury market are women and the new middle class.

Younger Chinese luxury consumers are glued to technology and enter the luxury world through the gates of e-tailing. Bain research reported that around 70 percent of potential consumers search for luxury brands on the internet at least once a month, while 40 percent of the respondents consider buying online. In April 2012, Taobao reported a 100 percent increase in luxury spending over the past year on the Tmall business to consumer platform and reached 15 billion RMB (2011).

Digital luxury is growing fast and the mélange of luxury codes and technology values inspired new types of indulgence and niche: Introducing recent developments of online luxury, Fu Jiong mentioned Only Rose, an online flower boutique on Taobao which guarantees that rose bouquets can be sent to one person only. Mr Luo Zhenyu (罗振宇), a former journalist at CCTV, discussed online talks shows about literature, and provided book reviews and read extracts. He also discussed the rise of personal reader services: once the privilege of the emperors, today, such a services cost 500 RMB per year (around 60 euros) to club members.

Looking for Chinese luxury brands

Will Chinese brands emerge within this fast-moving luxury market? According to Chinese specialists, the development of domestic luxury brands is more likely to flourish in the product categories where China has heritage know-how to rejuvenate and to brand. Still, for Mr. Wang, MBA Professor at KEDGE Business School, the potential candidates have to enhance their competencies in design creativity, quality control, branding, retail operations, and management. A partnership with overseas luxury houses or foreign designers can accelerate the process. During the Insight Shanghai workshop, designer Claudio Colucci, who just landed in China after a great career in Japan, shared recent works for luxury brands. He showed a limited edition of armchairs and lighting installation inspired by the intricate patterns of windows from the historic pavilions of Suzhou. It was well received as a successful mélange of European luxury expertise and Chinese inspiration. The same day, participants were invited to play and develop their own potential brand concepts around traditional Chinese products such as furniture, medicine, porcelain, or tea. A few interesting ideas came to the fore: a modern tea house for the over-stressed elite of China; an exclusive Chinese medicine brand based on confidentiality and word-of-mouth; a tableware brand mixing Western and Eastern design influences, and, last but not least, a furniture brand customizing heritage furniture with a modern twist. The Chinese character used to brand this later idea, hui (回) was an auspicious metaphor for the event. The character means “to go back” but it has the appearance of a spiral. Looking back to shape the future of Chinese luxury, Insight Shanghai 2013 was the definitive search to define that future


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Hermès doesn’t make it easy for you to buy its stuff. That’s why it sells so well.

Hermès doesn’t make it easy for you to buy its stuff. That’s why it sells so well. | Luxury Fashion Market | Scoop.it
What the 180-year-old maker of the legendary Birkin bag has in common with a hipster craft brewery.
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Li Edelkoort: «L’industrie de la mode a creusé sa tombe»

Li Edelkoort: «L’industrie de la mode a creusé sa tombe» | Luxury Fashion Market | Scoop.it
Li Edelkoort, l’un des plus influents oracles de tendance, prédit la mort de la mode et de son système
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The history of luggage - Fox News

The history of luggage - Fox News | Luxury Fashion Market | Scoop.it
The history of luggage
Fox News
Vuitton died in 1892, but his antique, signature trunks – which launched one of the world's top luxury brands – still fetch tens of thousands of dollars in auctions today.
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Indeed!

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Great Bags are Indispendable & The Evolution of Luggage - Eat Love Savor | Luxury Lifestyle Magazine

Great Bags are Indispendable & The Evolution of Luggage - Eat Love Savor | Luxury Lifestyle Magazine | Luxury Fashion Market | Scoop.it
Whether planning for a long, lazy weekends at the coast or the glamorous big city getaway, we pay such special attention to the wardrobe we’ll take with us on our adventure, it’s only reasonable that equal attention be paid to the luggage as well.
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RICHARD BARCZINSKI - HAS THE PERCEPTION OF LUXURY CHANGED?

Richard Barczinski, Member of the Board, JHSF, Brasil, speaks about the evolution in the perception of luxury.
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The Evolution of India's Luxury Market

The evolution of India's luxury market.

Via The Best In Luxury
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