Chinese Whispers: Cartier Teams up with The Palace Museum to Host Art Exhibition, and More

In “Chinese Whispers,” we share the biggest news stories about the luxury industry in China that have yet to make it into the English language. In this week’s edition, we discuss: Cartier‘s upcoming crossover art exhibition with China’s Palace Museum, JD.com’s plan of opening a futuristic store in Chongqing, and Lululemon’s first spokesperson in China …

Lancôme, Cartier and VanCleef’s WeChat Moments Ads Ranked Top in Q1

It’s not surprising that the world’s largest luxury market – China – is also one of the biggest markets for luxury advertising. Advertisers shelled out $2.1 billion in China in 2017, 53 percent of which was invested in digital channels, according to a report from media agency Zenith. WeChat has become one of the most …

How a Mall Is Bringing Everyone, Including Bernard Arnault, to Chengdu

There must be something spectacular about Chengdu IFS if French billionaire and LVMH CEO Bernard Arnault decided to visit the luxury shopping mall earlier this month to learn why his brands are performing so well there. Chengdu IFS opened in 2014 and is now the top luxury shopping destination in the city, as well as …

Catching Up with the Chloé Girl

The esteemed fashion house and jewel of the Richemont luxury conglomerate, Chloé, hasn’t become one of the world’s leading global luxury brands by mistake. The Maison was founded in 1952 by French fashion designer Gaby Aghion, who revolutionized the industry through innovative ready-to-wear luxury lines that were made from rare and luxurious fabrics usually reserved …

The Ultracar That Could ‘Green’ The Luxury Market

For many, the terms “luxury” and “sustainability” feel mutually exclusive. I’ve pointed out in many of my luxury publications that combining both is challenging, especially for an Ultracar, because luxury combines a unique experience with extreme performance, which is hard to achieve with a minimized ecological footprint. It’s important to note that a luxury brand …

How Content Is Changing on China’s Fast-Growing Douyin App

Now that Douyin is one of China’s most popular social media platforms, an increasing number of brands are thinking about how they can incorporate the app into their social media marketing strategies. But every social media platform has its own unique style of content, and Douyin is no exception. In order to run a successful …

Kering Barely Beats Estimates with Help from Domestic Consumption in China

French luxury group Kering S.A., which owns Gucci, Yves Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen, and others, released its first quarter earnings on April 17th after the markets closed in Paris. Investors had hoped that the luxury group would follow the same path as LVMH had the previous week, with its earnings beating expectations. …

Slowing Chinese Economy Can’t Stop L’Oreal’s Lipstick Index Surge

“We are seeing no slowdown” in the Chinese luxury market, L’Oreal CEO Jean-Paul Agon said during the company’s earnings call on Tuesday, April 16th. As French beauty brand L’Oreal SA reported its first quarter earnings, it proved that the lipstick economy has strong momentum in China. The company beat estimates with year-on-year sales growth of …

Jewelry Brand APM Monaco Locks up Investors from China and Europe

European jewelry brand APM Monaco has teamed up with private equity investors from China and Europe to accelerate its global expansion. On April 17, TPG Capital Asia (the regional arm of American asset company TPG), leading a consortium of investors including the investment firm China Synergy and Paris-based private equity firm Trail, has reached a …