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How Asian consumers will shift the center of gravity from Europe

... dle and a Prada bag, drinking anis at a corner café on the Champs Elysees. But this research seemed reasonable: “middle class” meant someone spending between US$10 and US$100 a day in purchasing power ...More

EJ Insight2015-04-24

Why China luxury price cuts mean gloom for Hong Kong

... including Prada are said to be preparing to slash their prices around the Easter weekend. LVMH, the world’s largest luxury chain and parent of Louis Vuitton, Dior, Bulgari, Chaumet, Fendi etc., hinted ...More

EJ Insight2015-04-02

Prada to slow down new shop openings amid market uncertainty

Prada SpA (01913.HK) plans to add 30 new stores this year, 24 fewer than last year, amid an uncertain environment in the luxury retail market, the Hong Kong Economic Journal reported Tuesday, citing t ...More

EJ Insight2015-03-31

Why is Burberry doing better than its luxury peers?

Suffering from the uncertain global economic outlook and as fewer Chinese consumers consume luxury goods, many luxury giants, such as Louis Vuitton, Hermes and Prada, are struggling with slower growth ...More

EJ Insight2015-03-23

HK luxury brand lovers benefit from the global currency war

... , Hermes, Prada and LV are yet to adjust their retail prices, but analysts believe that they would have to follow the trend sooner or later. Interestingly, Patek Philippe, an ultra-luxury watch brand ...More

EJ Insight2015-03-18

Will low-tax shops stop smugglers from flooding to Hong Kong?

... r cent. A Prada B2811L handbag costs 8,799 yuan compared with 11,000 on Taobao or 18,499 at a normal shop, which includes tax of 100 per cent. They only carry a stamp duty of 10 per cent. Wang Li, a r ...More

EJ Insight2015-01-28

Luxury retailers face a challenge as Chinese turn to US, Europe

... s such as Prada (01913.HK), Chow Tai Fook Jewellery Group (01929.HK), Luk Fook (0590.HK) and Chow Sang Sang Holdings International (0116.HK) are all facing a challenge to boost their revenues. Chow Sa ...More

EJ Insight2014-12-29

Bet on iPhone 6 or win the Mark Six jackpot

... , 38 from Prada (1918), Samsonite (1910), L’Occatine (973) and Coach (6388) 5. iPhone call: 6, 8, 15, 21, 23 and 31 for the three big local mobile firms: HKT (6823), Hutchison Telecom (0215) and Smart ...More

EJ Insight2014-09-12

Why Guo Meimei is being nailed to the Red Cross

If you believe all the brickbats thrown at her, you would think Guo Meimei (郭美美) is none other than the devil herself -- and she wears not only Prada but owns many other luxury brands as well. The pre ...More

EJ Insight2014-08-12

We don't need no Prada outlet, say these HK residents

... s such as Prada, Apple Daily reported Friday. The landlord is said to be planning to revamp the shopping arcade by introducing top jewelry, watch and other brands to its shop spaces on the first floor ...More

EJ Insight2014-05-02

Govt support gets railway plays rolling

... ion house Prada SpA (01913.HK) announced a worse-than-expected full-year result, failing to achieve any growth in net profit last year. The counter fell over 5 percent. -- Contact the writer at betsyt ...More

EJ Insight2014-04-03

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