Cover image for Luxury China : market opportunities and potential
Title:
Luxury China : market opportunities and potential
Personal Author:
Publication Information:
Singapore : Wiley & Sons, 2010
Physical Description:
xvii, 251 p. : ill., maps ; 24 cm.
ISBN:
9780470823415

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30000010222107 HF5415.33.C6 C43 2010 Open Access Book Book
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Summary

Summary

A guide to reaching and profiting from China's expanding luxuryconsumer class

China's growing consumer base and expanding economy means moredisposable income for more Chinese citizens. The Chinese market forluxury goods is expected to expand from $2 billion this year tonearly $12 billion by 2015. Today's biggest global luxury goodsretailers expect China to make up a large and ever growing portionof their customers, and those businesses are responding with newstores and investments in China. Luxury China givesreaders-particularly professionals in advertising, marketing,and the luxury brands industry-a deep look into the future ofthe Chinese luxury goods market and shows them how to tap intoChina's tremendous market potential.


Author Notes

Michel Chevalier , a graduate of HEC in France, holds an MBAand a Doctorate from Harvard Business School. He started his careerat the Boston Consulting Group, then worked for S.C. Johnson andmoved into the luxury field. He was successively general manager ofPaco Rabanne Perfumes, chairman of Paco Rabanne Fashion, executivevice president of Bluebell Asia Ltd. in Hong Kong and in Tokyo, aswell as chairman of the Revillon fashion group in Paris. He is nowa consultant for EIM in Paris and office manager of EIM Shanghai.Michel teaches at University Paris Dauphine and InstitutSupérieur du Luxe in Paris specializing in luxury for theirMBA course. He has also published numerous articles injournals on retailing and coauthored the books, Pro Logo and Luxury Brand Management , with Gérald Mazzalovo.

Pierre Xiao Lu is an Assistant Professor of Marketing atFudan University's School of Management in Shanghai and theVisiting Professor of Marketing at ESSEC Paris-Singapore. He alsoconsults for many multinational luxury firms, such as Lacoste S.A.,LVMH, PPR-Gucci and MasterCard. Professor Lu specializes in luxuryconsumer behavior in China and luxury brand management in Asia.After working for several years at ESSEC's luxury industryresearch center, he received his Ph.D. from ESSEC Business SchoolParis. His articles on the luxury industry and Chinese luxuryconsumers have been published in professional and academicjournals, such as AMA , AFM , ComitéColbert , Harvard Business Review China and FinancialTimes China . He is also the author of Elite China andtranslated Luxury Brand Management into Chinese.


Table of Contents

Forewordp. ix
Introductionp. xi
Chapter 1 Challenges and Market Sizep. 1
Case study: Alfred Dunhillp. 19
Chapter 2 The Chinese Luxury Clientp. 29
Case study: Shanghai Tangp. 45
Chapter 3 Chinese Consumer Attitudes Toward Luxuryp. 53
Case study: Rolex in Chinap. 77
Chapter 4 How to Distribute in Chinap. 85
Case study: Shiatzy Chenp. 99
Chapter 5 Retailing and Licensing in Chinap. 105
Case study: Louis Vuitton in Chinap. 125
Chapter 6 Communication and Advertisingp. 137
Case study: The War of the Spiritsp. 165
Chapter 7 Brand Protection and Counterfeit Activitiesp. 175
Case study: Liuli Gongfang: Breaking into Luxury by way of Glassp. 189
Appendicesp. 195
Bibliographyp. 241
Indexp. 245