Search Results: McKinsey
McKinsey: China’s Upper Middle Class To Drive Global Luxury Consumption
A new McKinsey report analyzes the demographics, geography, and future consumption patterns of China's rapidly growing middle class, and several key factors bode well for the luxury industry. Read More
McKinsey Director: 75% Of New Wealthy Households Will Be Outside Top Tier Cities
Vinay Dixit of McKinsey says several key consumer attitudes are becoming increasingly consistent in key Chinese cities, regardless of the tiers in which these cities are grouped. Read More
Why Do Chinese Consumers Love Tailor-Made Luxury Experiences?
While older generations in China wanted to acquire products that communicated wealth and social status, today’s younger shoppers prefer luxury experiences. Read More
Will The Chinese-Owned French Luxury Brand Baccarat Survive?
After two years of Fortune Fountain Capital ownership, the French crystal maker Baccarat finds itself in a vulnerable position and a cloudy future. Read More
How Luxury Brands Are Leveraging The Power Of Data In China
Chinese consumers are changing fashion and retail, and modern technologies and analytics are helping brands develop smart models of buyer behaviors. Read More
Luxury In The US Suffering Without Chinese Students
Trump’s policies and COVID-19 have pushed Chinese students to pursue advanced degrees outside the US, which is hurting the country’s luxury market. Read More
How Should Luxury Brands Pick The Right Video Account Platform In China?
In China, social media platforms are currently fighting over the video-sharing realm. Jing Daily explains which ones are right for your luxury brand. Read More
Luxury Brands Face a Different Economic Crisis — and China — From 2009
For luxury brands, China is no longer a market for dumping unpopular inventory or lazily opening new stores and hoping for the best. Read More
Absent Chinese Tourists Impact Western Luxury
The luxury sector just had one of its worst quarters ever, but despite the turmoil, there’s a silver lining: double-digit sales growth in China. Read More
Tiffany & Co. Goes It Alone As LVMH Says No Thanks
LVMH is backing out of its $16.6 billion acquisition of US jeweler Tiffany & Co. This would have been the biggest luxury goods deal to date. Now what? Read More
