FEATURED The Business of Fashion: New Ranking Shows Chanel is Favourite Brand of Wealthy Chinese

Chanel topped a survey of high-net worth consumers in China as their favourite luxury brand, according to luxury research firm, Agility Research and Strategy.

The Agility China Luxury Brand Affinity Rankings for 2021 tracked 55 brands across 12 performance and perception metrics, measuring not only how the 1,000 high-net worth Chinese consumers surveyed view the brands, but also the likelihood they will purchase products from these brands.

Chanel’s Agility Luxury Brand Affinity (ALBA) score of 99 spoke to its consistency across these metrics, as not only a highly desired brand among Chinese consumers, but also one high-net worth consumers are actively buying.

Dior came in second with an ALBA Score of 87, closely followed by Hermès with a score of 83. The latter’s brand stature and strength actually topped its competitors, but Hermès products were less likely to be actively gifted and purchased.

Fourth position was shared by Lancôme, Estée Lauder, and Gucci, all with an ALBA score of 77.

Cover photo: Shoppers walk by a Chanel store in Shanghai. Shutterstock

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