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Luxury news in Asia
An overview of news, trends and research in the Luxury industry in Asia:
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5 ways how Chinese luxury consumer behavior is changing
China’s luxury market is rapidly evolving, with new trends, economic headwinds, and country-specific dynamics reshaping how Chinese consumers engage with brands.
27 October 2024
China leapfrogs rivals to become world's largest luxury goods market
The Chinese market for luxury goods is expected to grow to 25% of the global market by the end of this year.
26 September 2023
China to lead global personal luxury goods market by 2030
Following a robust performance in the first half of 2023, China is expected to surpass the United States in terms of luxury spending, with 40% of the global market share by 2030.
10 September 2023
China to account for 25% of global luxury goods market by 2025
China’s luxury goods market is back to booming times, according to a new report by PwC.
02 March 2023
APAC’s rich looking to switch wealth management providers
Wealthy ranks in Asia Pacific (APAC) are looking to relocate large shares of their portfolio in the coming years, and wealth managers with digitalised, service-minded and purpose-driven offerings are
13 May 2021
Supplier engagement key for luxury fashion brands, says OC&C
Closer collaboration between brands and suppliers will be crucial for evolution of the luxury fashion industry according to a new report from international strategy consulting firm OC&C.
17 March 2021
China's luxury market set for strong rebound this year
The global luxury market was already moving to China before the Covid-19 pandemic, and is doing so even faster now.
07 December 2020
Luxury brand Furla hires RTG Consulting Group in China
Furla is looking to boost its brand profile in China, bringing Shanghai-based brand consultancy RTG Consulting Group on board for support.
05 November 2020
Coronavirus spells big trouble for luxury goods market, say Bain and BCG
Coronavirus spells trouble for luxury goods market, say Bain and BCG In behind the aviation industry and many segments of the food & beverage and entertainment sectors, the global fashion and luxury
31 March 2020
China to account for nearly half of luxury goods market by 2025
The global personal luxury goods sector will grow by up to 6% this year according to a new analysis by Bain & Company, lifting the industry to a market value of around €276 billion.
22 July 2019
Chinese luxury fashion consumers prefer instore to online, finds McKinsey
When it comes to the luxury fashion segment, a new McKinsey report has found that young Chinese consumers are traditionalists – preferring to purchase instore rather than online.
03 June 2019
EY helps develop blockchain-based platform for wine industry
28 May 2019
Strategy& and Hypebeast drop report on streetwear fashion market
Fashion publication and online retailer HYPEBEAST has teamed up with consultancy Strategy& to examine the global streetwear market, with 40 percent of enthusiasts in China and Japan revealing that a
23 May 2019
OC&C survey of 15,000 consumers uncovers distinct Gen Z characteristic
An emerging borderless tribe; that’s how OC&C Strategy Consultants has characterised Generation Z following a comprehensive study of the globe’s youngest generation.
30 January 2019
South Korean biotech firm brings in McKinsey following profit plunge
McKinsey has been brought in to advise South Korean biotech firm Hugel following a period of declining profits, according to a local media report.
14 January 2019
Huge ongoing potential in China for online luxury sales, says OC&C
30 October 2018
Shifts in Chinese skincare trends force changes in market strategy
Beauty products are seeing growth in demand across China on the back of a growing middle class.
10 May 2018
China is fastest growing region in fashion luxury market
The global luxury fashion goods sector can expect to see strong growth in the near future, according to a recent study by EY-Parthenon.
07 May 2018
Asia set to lead global fashion recovery, finds McKinsey report
Asia is set to strut its stuff on the global fashion stage according to a report from management consulting firm McKinsey and Company, with the region’s fashion industry set to lead the way in both i
19 February 2018
Millennials driving luxury retail resurgence in China, shows Bain report
The luxury consumer retail market in China continues to rebound strongly, with Millennials powering 20% growth last year.
12 February 2018
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