Facing slowing global demand for diamond jewellery, international diamond companies are reshaping marketing campaigns to tap a growing pool of independent female spenders in China, the world's second largest economy.
This week in Paris, Adrian Cheng announced the launch of a significant new investment fund to target what Cheng sees as the key consumer market of this century – Millennials and Generation Z in China. Call them BATers.
The French conglomerate is once again number one in Deloitte's 2017 report on the top 100 luxury companies. Kering rose to 5th place, while Italy boasts the most companies overall, including top-10 member Luxottica.
Thanks to a new partnership with DFS Group, luxury Hong Kong jeweler Chow Tai Fook will be available in the United States. In May, the jewelry brand will open a boutique in Honolulu’s T Galleria by DFS.
Hong Kong jeweller Chow Tai Took is expanding its new lower-priced chain to target younger shoppers in mainland China and will also close several signature stores by year-end. Most closures will be in tourist areas.
Hong Kong's highest profile officials and business people paid their respects to Cheng Yu-tung, whose passing marked the first of an aging generation of tycoons whose hold on the city's economy faces growing challenges.
From fast fashion chain H&M to lifestyle brand Maison Kitsune and cosmetics firm Innisfree, mass market retailers are setting up shop in premises previously occupied by luxury brands in Hong Kong's prime shopping dist...