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For continued growth in sales, the major luxury brands have to respond to China’s active investment discount hermes. Late last year, France’s top men’s brands Hermes (Hermes) announced plans to open in China within the next three years, three or four new stores. Italian fashion brand Versace (Versace) is invested 56 million U.S. dollars in Asia in order to seize market share, and focus is the Chinese market, the company former CEO Giancaro Di Risio said in public statements: This year the Chinese District,Versace will open 11 new stores. Last November, Versace in Beijing,

In the past decade,hermes wallets, Chinese consumers and the consumer mentality of the types have changed, Zegna’s Chris said. When wealth flows into China first started when some Chinese people get rich quickly can not wait to show off wealth, but lack the maturity of luxury brand awareness. They think that the most expensive is the quality of the best hermes birkin , so they spend big bucks to buy the most expensive commodity.

McKinsey & Company in July reported that in mid-2015, the number of billionaires in China will rank fourth in the world. Reported that as of 2008, the annual income of more than $ 80,000 in the number of households in China is 160 million. By 2015, that number jumped to 4.4 million estimated to be, that is, in the next five to seven years, the annual growth rate will reach 16%.

Third group of luxury buyers purchasing power of income is not commensurate with its comprehensive, they are mainly some white-collar workers a monthly salary of $ 600 or more employees. According to a recent survey, this group of population, 70% of those surveyed said that compared with the past six months hermes scarf ,hermes kelly, they will increase consumption in the next six months, Ray Hill said. The survey also showed that this group of people in recent months of market consumption increased by at least 20%, especially in cosmetics.