HNWI

03 Jul, 24

Hermès, Chanel, LV hike prices in China despite economic headwinds

Luxury brands are strategically raising their prices in China amid slowing economic growth. But with priorities changing, how are consumers reacting? Amid a slowing economy, plummeting consumer confidence, rising unemployment, and deflation, a handful of luxury brands have been raising their prices in China. French leather goods and fashion brand Hermès raised its retail prices in the […]
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03 Jul, 24

Yes to quiet luxury, Paris and Hong Kong — China’s millionaires have spoken

Post-pandemic, China’s affluent prefer Hong Kong and France for luxury shopping, valuing exclusive experiences and limited-edition items. What happened Hong Kong and France have emerged as the top post-pandemic shopping destinations for China’s millionaire travelers, according to a new survey by Agility Research and Strategy. A survey of 2,000 affluent and high-net-worth individuals (HNWIs), conducted by Agility’s TrendLens […]
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03 Jul, 24

Why China could become the luxury industry’s next sore spot

SHANGHAI/PARIS, July 19 (Reuters) – The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest Chinese economic figures and a disappointing sales update from Cartier-owner Richemont suggest both markets may be starting to slow. Major luxury brands have invested millions to reach new customers in the two […]
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22 Nov, 23

AFFLUENTIAL TRENDLENS™ 2023/24 Available Now!

In the ever-competitive landscape of luxury, understanding the affluent audience is paramount: high-net-worth individuals (HNWIs) now represent a priority target for an overwhelming 90% of senior luxury executives.  TrendLens™ 2023/24 contains interviews with over 10,000 affluent and HNW individuals on their 2023/24 outlook, lifestyle choices and luxury purchase, helping you understand how to engage with […]
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22 Nov, 23

Brunello Cucinelli, the $2,000 cashmere sweater-selling master of ‘stealth wealth’ fashion, is booming as the ‘loud luxury’ trend wanes

The “quiet luxury” aesthetic was best characterized by the costume choices of the main characters in HBO’s series “Succession.” Claudette Barius/HBO Business at Brunello Cucinelli, which has become the poster child of the “quiet luxury” fashion movement, is booming.  The Italian luxury brand, known for its ultra-luxurious $2,000 cashmere sweaters, raised its guidance for the year on Tuesday […]
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22 Nov, 23

Why China could become the luxury industry’s next sore spot?

SHANGHAI/PARIS, July 19 (Reuters) – The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest Chinese economic figures and a disappointing sales update from Cartier-owner Richemont (CFR.S) suggest both markets may be starting to slow. Major luxury brands have invested millions to reach new customers in the two […]
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14 Jul, 23

From London to Paris: Where are all the Chinese tourists this summer?

China’s long-awaited reopening following the Covid-19 pandemic has raised a puzzling question: Where are the crowds of Chinese tourists in Europe? While data reveals a cautious return to travel among Chinese nationals, there are signs of gradual recovery across European destinations. According to travel data firm ForwardKeys, the number of Chinese travelers to Europe during the recent […]
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26 Jun, 23

An Exclusive Interview on “The Millionaire Mindset”

Check out Agility Research & Strategy‘s Managing Director Amrita Banta as she shares insights on the Millionaire Mindset and the state of the luxury retail sector drawing from the Global Millionaires 2023 TrendLens™ report in an exclusive interview. Link to the issue and interview on Pages 6-9 here: Retail Merchandiser Volume 63, Issue 3 Volume 63, Issue 3 (retail-merchandiser.com) […]
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