TRAINING LUXURY’s Post

Luxury's New Frontier: From China to India 🇮🇳 Bulgari is making a smart move! As China's luxury market cools down, India is heating up. Why? More young Indians are ready to spend on premium/luxury brands. Luxury isn't just a market—it's a growing opportunity. Fewer shopping bags in Beijing, more excitement in Mumbai. The luxury world is changing, and smart brands are watching. Are you seeing this transformation? Share your thoughts! 👇 #LuxuryMarkets #GlobalBusiness #IndiaEconomy #LuxuryTrends https://lnkd.in/dskV8D-3

🌟 India: The Next Frontier for Luxury 🌟 Welcome to ALL THINGS LUXURY! We're thrilled to embark on this journey of exploring the world of opulence, elegance, and craftsmanship—and what better place to start than India, the rising star of the global luxury market? India is witnessing an unprecedented luxury boom. With a rapidly growing affluent class, an increasingly globalized mindset, and a rich heritage of craftsmanship, the country is transforming into a hotspot for luxury brands. From international powerhouses like Louis Vuitton and Gucci to homegrown gems like Sabyasachi and Amrapali, the Indian luxury landscape is flourishing. At ALL THINGS LUXURY, we aim to dive deep into this evolving market, uncover trends, and celebrate stories of luxury. Stay tuned for insights, inspiration, and all things exquisite. Let’s redefine luxury, together. 💎 #LuxuryBoom #IndiaLuxuryMarket #AllThingsLuxury

Exciting developments in the world of luxury! #Indian homegrown luxury brands are making waves as they evolve into accessible luxury or premium brands for discerning consumers in developed nations. This strategic shift is not only expanding their consumer base but also positioning them as formidable players in the global #luxurymarket. With their impeccable craftsmanship, exquisite designs, and rich cultural heritage, Indian luxury brands are capturing the attention of consumers worldwide. By offering accessible luxury options tailored to the preferences of the target audience in developed nations, these brands are redefining the concept of luxury and making it more inclusive and attainable for a wider audience. As Indian luxury brands continue to expand their presence on the global stage, they are not only showcasing the best of Indian craftsmanship and design but also contributing to the country's #economicgrowth and #culturaldiplomacy. With their commitment to quality, authenticity, and #innovation, Indian luxury brands are poised to make a lasting impact on the world stage. #LuxuryBrands #IndianLuxury #AccessibleLuxury #PremiumBrands #GlobalMarket #Craftsmanship #Innovation techugo

The surprise elements for me when I reported on the Indian luxury industry for Fortune India's luxury special issue: 1. Pricing of global luxury brands in India are at par with most evolved luxury markets of the world. In fact prices in Singapore and the Middle East are 7%-10% higher than India. "We can't afford differential pricing any longer," says Georges Kern, CEO, Breitling. 2. India is no longer the dumping yard for last season merchandise of luxury brands. If Hermes or Cartier launch a new product in their home country, it is simultaneously launched in India. 3. Luxury brands no longer look at India as a poor cousin of China. They admit that their biggest mistake was to equate the Indian luxury consumers with the Chinese. "Its much more similar to the western world. Indians are mature toward beauty, art, quality and craftsmanship. The Chinese want to show off," says Carlo Beretta, CEO, Tod's. 4. The Indian luxury market took time to evolve and is still in an evolution phase, but the mindsets of the consumers are more mature than their Chinese counterparts. With the Chinese economy plateauing global luxury brands are shifting a chunk of budgets to India. Do read our story. Bijou Kurien Akash Sheth Angshuman Bhattacharya Abheek Singhi Gopal Asthana Anurag Mathur TOD'S #luxury #Luxurymarket #Indianluxury

CHINA‘S LUXURY TASTES ARE CHANGING In essence, we are witnessing the rise of Asian brands, also in luxury. The European monopoly in true luxury will face alternatives that are equally based on high quality craftsmenship of products and experiences, and that are deeply rooted in national cultural heritage of other regions of the world. We see this in China, and as reported in the study published by Together Group and The Future Laboratory about the „New Codes of Luxury in Saudi Arabia“, we can also expect that in the Middle East - rather sooner than later. What is your view, Jonathan Travers-Smith 乔升 ? #luxury #strategy #brands #Asia #China #consumer https://lnkd.in/eEVe989S

A good and more or less accurate analysis of the current luxury sector.

In 2023, China’s luxury market saw a 12% yearly increase, recovering from the previous year’s decline due to Covid-19 but landing slightly below 2021’s record level. Explore our latest report, which delves into research on two significant trends and their impact on the luxury market's growth outlook: luxury shopping overseas and the Daigou market.

In 2023, China’s luxury market saw a 12% yearly increase, recovering from the previous year’s decline due to Covid-19 but landing slightly below 2021’s record level. Explore our latest report, which delves into research on two significant trends and their impact on the luxury market's growth outlook: luxury shopping overseas and the Daigou market.

China's luxury market experienced a strong rebound in 2023, tempered by the current economic climate and the restart of overseas shopping. Explore our latest report, which delves into research on two significant trends and their impact on the luxury market's growth outlook: luxury shopping overseas and the Daigou market. https://atbain.co/3vdIsZY