Can Hong Kong Reclaim Its Luxury Crown? Hong Kong, once hailed as the epitome of luxury shopping in Asia, is facing tough competition from rival shopping hubs and a dwindling reputation as a regional gateway for big spenders. However, despite these challenges, fashion and jewelry brands in the city are not backing down. Instead, they […]
How Dubai Is Defying the Luxury Downturn
How Dubai Is Defying the Luxury Downturn In the midst of a global luxury downturn, Dubai stands out as an oasis of opulence and prosperity. Last week, the prestigious fashion house Zegna staged a dazzling runway show in the emirate, joining the ranks of esteemed brands such as Roberto Cavalli, Armani, and Chanel. This move […]
How Luxury Brands Court the 1 Percent
Luxury Brands: The Art of Courting the 1 Percent In the realm of luxury brands, the quest to court the 1 percent has always been a high-stakes game. However, in recent times, this pursuit has intensified as companies vie for the attention and loyalty of the ultra-wealthy clientele known as VICs, or Very Important Clients. […]
Estée Lauder Companies, L’Oréal Suffer as China Duty-Free Spend Continues to Fall
Estée Lauder Companies, L’Oréal Suffer as China Duty-Free Spend Continues to Fall The allure of the Chinese travel retail market has long been a beacon of hope for global beauty conglomerates like Estée Lauder Companies and L’Oréal. With the influx of Chinese tourists seeking luxury goods at duty-free shops, these companies positioned themselves to capitalize […]