Welcome to Jing Daily’s China Luxury Brief: the day’s top news on the business of luxury and culture in China, all in one place. Look below for the top industry news from February 6, 2014.#
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Today’s stories:#
Duddell’s Star Power: Michelin-Awarded Hotspot Offers New Concept For Changing Hong Kong
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“The Michelin-star winning restaurant, salon, and art space in Hong Kong offers a fresh concept for creative-minded clientele."
This Week In Digital Luxury Marketing: Chinese New Year Auto Edition#
“A roundup of recent and ongoing Chinese New Year campaigns by auto companies, featuring Bentley, Land Rover, Audi, Jaguar, and Cadillac."
El Corte Inglés Rings In Year Of The Horse With Chinese Designers And Don Quixote#
"From London to New York, department stores across the world have been creating innovative campaigns to cater to Chinese tourists during this week’s Chinese New Year travel season. One location that’s really going all out for the holiday is Spanish department store El Corte Inglés, which has come up with the unique idea to create a Don Quixote-themed celebration of the year of the horse. Complete with a presentation by Chinese designers, special VIP ceremony on January 25, giveaways, and limited-edition products, the Chinese festivities with Spanish flavor are aimed to attract many of the growing number of Chinese tourists visiting Spain, whose numbers increased by 33 percent in the first 10 months of 2013."
This Week In Digital Luxury Marketing: Chinese New Year Fashion Edition#
"A roundup of new and ongoing Chinese New Year fashion campaigns on Chinese social media during the holiday season, featuring Bottega Veneta, Coach, Jack Wolfskin, Tissot, and TAG Heuer."
What we’re reading:#
Chinese Celebrate With Fewer Fireworks, Less Luxury#
“However, sales of luxury gifts, such as expensive alcoholic beverages and rare seafood, which are sometimes sent as gifts to officials during the holiday, have fallen sharply."
[Xinhua]
Chinese Opt For Korean Imports Over Western Beauty Brands#
“Fans say South Korean beauty brands innovate. They're cheaper than Western competitors. They're nicely packaged. They're riding Korea's pop culture wave, called hallyu, which may help them find a niche in a maturing China where companies can no longer be "all things to all people," said Matthew Crabbe, Mintel's director of research for Asia Pacific.”
[Ad Age]
Swiss Watch Exports To China Recover In December#
“Swiss watch exports to mainland China, their No.3 market, jumped 18.8 percent in December, partly due to comparison with a very weak result the year before, the Swiss watch federation (FH) said on Thursday. They fell 12.5 percent in 2013.”
[Reuters]
Aston Martin’s Recall Is An Embarrassment For China#
“Aston Martin’s recall of most of the cars it has built in the past six years is damaging to the company, but even more damaging for the reputation of parts suppliers in the Pearl River Delta in China."
[FT]
Amid Chinese Crackdown, Merchants Try To Convince Buyers Diamonds Aren't A Luxury#
“Until China launched its luxury-goods crackdown it was likely that the latest big gem would be heading for Hong Kong or Shanghai. It now seems more likely that it will be New York bound.”
[Forbes]
Fluffing The Pillows For China’s Luxury Globe-Trotters#
“The business of luxury experiences such as dining at Michelin restaurants or African Safari hunting trips is growing faster than the traditional luxury business of selling branded clothes, watches, cosmetics and jewellery. Spending on luxury experiences accounts for more than half of the estimated $1.8 trillion revenue in the industry."