Regional focus - Page 3
China’s luxury market share almost doubles in 2020
The luxury-goods market in mainland China is forecast to grow 48% to almost $53.6bn in 2020 with leather goods and jewelry the most in-demand categories, according to a report from Bain & Company and Tmall. Boosted by an increase in domestic[…]
Northern Europe's paperboard suppliers look to greener pastures
In an increasingly competitive market, paperboard’s Nordic pioneers are developing increasingly sustainable, plastic-free premium materials to offer luxury brands solutions that are both elegant and renewable. The next step? Integrating a[…]
Luxury takes off as China’s economy bounces back
China’s GDP grew 4.9% year-on-year in the third quarter as it continues to bounce back from the coronavirus pandemic, figures from the country’s National Bureau of Statistics show, yet recovery in retail consumption has been slower. The luxury[…]
Luxurynsight raises €2m in funds
A provider of data-driven solutions for the luxury, fashion and beauty markets, Luxurynsight has secured an investment of €2m from new investors Xiamen Qishang Equity Investment, Tandem Venture Capital and Leadway International Investment. The[…]
Asia-Pacific leads in retail’s post-covid digital transformation
The Covid-19 health crisis has seen retailers accelerate their digital transformation as they mine new technologies in response to novel consumption patterns. Nowhere is this shift more evident than in Asia-Pacific, which is at the forefront of[…]
China make-up market to see +8% CAGR through 2024, says GlobalData
Chinese consumers are spelling big opportunities for luxury makeup brands as the market is forecast to reach $8.8bn in 2024, according to GlobalData. The research firm’s new report, China Make-Up – Market Assessment and Forecasts to 2024,[…]
Imprim’Luxe introduces new measures to support France’s printing sector
Founded seven years ago in a bid to relocate printing processes geared to the French luxury industry back to its home turf, Imprim’Luxe is rolling out a program to promote printing ‘Made in France’. The health crisis is making this strategy all[…]
CosmetoPack: Beauty players team up for pack/formula interaction research
In the absence of a reference system specifically adapted to cosmetics, 15 beauty groups and suppliers in France including LVMH have formed CosmetoPack, a working group to conduct research into the interaction between packaging and formula. In[…]
China’s luxury & beauty sales rebound, says Luxurynsight report
With China’s gradual economic recovery and consumption getting back on track, luxury and beauty are witnessing a fast rebound at retail in the country, according to a just-published report from research firm Luxurynsight. However, with the[…]
Cosmetic Valley launches post-covid industry initiative
French industry cluster Cosmetic Valley is initiating an action plan designed to help the perfume and cosmetics sector face the challenges of a post-coronavirus economy. “Responsibility, agility, solidarity and innovation will be the watch words[…]
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