France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.
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.