Why COACH, Michael Kors, Apple, GM and New Balance are Succeeding in China – Forbes
At the end of July 2014, the court ordered Laura to stop using the Buccellati brand name, to take the name off of her handbags or else deliver hiasan tirai jendela all of her inventory to the company, to trash all of her marketing and promotional material, in print or online, and to stop using misleading statements about her connection to the famous Buccellati jewelry business. But, Laura did not have to pay one penny of damages to the Buccellati company for past infringement. The jury decided no damages were in order. Probably they were swayed by the fact that even while Laura was infringing, Buccellati sold a controlling interest in the company for $100 million. So be careful when you set up your manufacturing operation, consulting service, or mobile app company. You may be foreclosed from using your own name.
The Best-Selling Luxury Handbag Designers In Each Major City | StyleBlazer
With the dirth of brands fighting for a stake in the space, and the demand for goods overpowering the supply , its interesting to see which luxury handbag brands are keeping up despite the madness. In a report done by Fashionista in conjunction with online consignment start-up TheRealReal , they identified the top selling handbag designers broken down by city. Their findings do a great job of identifying what brands are trending around the country, and while most of the report is pretty predictable there were a few surprises. Click on the next pages to see which brands reign in cities like New York, San Francisco, Miami and more! 1
China Fashionistas Get Best Deals on Gucci, Hermes Bling – Yahoo Finance
Sales in China of goods from Europe s most prestigious fashion houses have been damped by the governments anti-graft campaign, which has curbed gift-giving. And steep import and consumption taxes on luxury goods bought in China have led an increasing number of wealthy locals to shop more while overseas. Left with stacks of unsold merchandise in their mainland stores, high-end brands are resorting to something they rarely had to do earlier: price-cutting. Even during the financial crisis, I dont think we saw this amount of discounting, said Franklin Yao, managing partner of Shanghai-based SmithStreet, which advises companies on their China strategies. Inventory has become an issue for brands across the board, and this is a big problem. Slower Spending Growth in luxury spending in mainland China will slow to 2 percent this year after rising 30percent in 2011, forecasts Bain. Christian Dior SA (CDI) and Ermenegildo Zegna Group both held sales at their China stores in July, with Milan-based Zegna cutting as much as 40percent off menswear, leather items, and shoes. Some discounting is more understated, as luxury houses try to avoid lowering the value of their brands along with their prices. Hermes dangled price cuts of as much as half off on dresses and shoes in April at an invitation-only sale, held in the eastern city of Hangzhou, according to reports by Chinese media.
So it wasn’t business as usual in July when a pair of light brown Salvatore Ferragamo Carla leather pumps was being sold at 40 percent off, for 3,120 yuan ($507) on a site run by e-retailer Xiu.com, which is less than the item’s European retail price. More from Bloomberg.com: Retooled Hamas Bloodies Israel With Help From Hezbollah Likewise, at a downtown Shanghai outlet of Kering SA (KER)’s Gucci, a light pink Soho leather shoulder bag was discounted 30 percent to slightly more than 12,000 yuan, about the same price as a similar bag in the U.S., Bloomberg Businessweek reports in its Sept. 1 issue. Several forces are fueling the price slides. Sales in China of goods from Europe’s most prestigious fashion houses have been damped by the government’s anti-graft campaign, which has curbed gift-giving. And steep import and consumption taxes on luxury goods bought in China have led an increasing number of wealthy locals to shop more while overseas. More from Bloomberg.com: Hook-Up Culture at Harvard, Stanford Wanes Amid Assault Alarm Left with stacks of unsold merchandise in their mainland stores, high-end brands are resorting to something they rarely had to do earlier: price-cutting.
China Fashionistas Get Best Deals on Gucci, Hermes Bling: Retail – Bloomberg
I provide companies with go to market, expansion, consumer engagement, and supply chain strategies and implementation in China. Key areas of concentration are consumer products, retail, luxury, healthcare and automotive. I have completed projects and campaigns for more than 200 multinational as well as small and medium sized enterprises in China. I was previously managing director of China BrightStar, a china-focused consulting firm, and VP at Beijing Gongmei, a Chinese manufacturing conglomerate. I regularly appear in the media and am a frequent speaker at conferences, universities and special events providing insight on Chinese business, politics and culture.