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    The most exclusive and desirable brands according the wealthiest Chinese women [#China #Promise #Exane]

    https://youtu.be/-OamJECjONA

    A 3 minutes interview of Pr Philippe Jourdan, CEO Promise Consulting, about the key results of the Promise-BNP Exane Barometer "Exclusivity & desirability":

    How Chinese women rank their most exclusive and desirable brands in luxury fashion?

    [WATCH THE VIDEO]

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    Ventes en baisse pour les magasins de marques de luxe en Chine [#luxe #chine #retail]

    « La tendance à la hausse de la consommation de produits de luxe a commencé à s'inverser dès 2012 », a souligné Zhao Ping, chercheur au Conseil chinois pour la promotion du commerce international.

    Selon M. Zhao,la stricte discipline actuellement en vigueur,qui vise à encourager l'interdiction de trois types de consommation constituant du gaspillage, à savoir les voyages à l'étranger, les réceptions et les voitures officielles financés avec des fonds publics a eu un impact énorme sur les ventes de produits de luxe.

    En outre, la «tendance chic »qui émerge actuellement en Chine continue d'attirer des clients plus jeunes et moins richesvers des produits de luxe moins onéreux.

    Cependant, le facteur le plus important provoquant la chute des ventes de produits de luxe peut sans doute être attribué à l'écart de prix des marchandises entre le marché domestique et les marchés étrangers : selon M. Zhao, avec un écart de prix de 20 à 30%, les magasins physiques sont en effet vulnérables à la concurrence des boutiques transfrontalières en ligne.

    [READ THE FULL ARTICLE]

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    L'horlogerie suisse à l'heure de la crise [#lesechos #horlogerie #suisse]

    Dominique Chapuis / Journaliste |

    Les exportations horlogères helvétiques ont reculé de 3,3% en 2015, à 21,5 milliards de francs. Une première depuis 2009, après la chute des commandes de Hong Kong.

    L’heure de la crise a sonné pour les horlogers suisses. Les exportations du premier exportateur mondial de montres ont plongé de 3,3 % en valeur en 2015, à 21,5 milliards de francs suisses (19,5 milliards d’euros). Une première depuis 2009 !. En volume, le recul est de 1,6 %, soit 28,1 millions de pièces exportées. La baisse des commandes de Hong Kong, le premier marché des manufactures helvétiques a lourdement pesé dans ce résultat. « Le montant total des exportations est pratiquement revenu à son niveau de 2012, après deux années consécutives de consolidation », indique la Fédération de l’industrie horlogère suisse.

    [READ MORE]

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    Mode et Luxe, la digitalisation s'accélère [#digital #exane #luxe]

    ContactLab et Exane BNP Paribas ont mesuré le niveau du marketing multicanal et de la digitalisation de 30 marques internationales de mode et de luxe. Résultats : des progrès significatifs (+9%).

    Il s’agit de la quatrième édition la Digital Competitive Map - The race is speeding up, publiée en janvier par ContactLab et Exane BNP Paribas. Celle-ci a d’ailleurs été enrichie par deux éléments : la vérification de la possibilité de commander un produit en ligne dans les boutiques de New York et les services en ligne de conseils personnalisés par messagerie, téléphone ou e-mail.

    Les résultats de cette étude indiquent un progrès significatif dans la performance globale (+ 9%) au second semestre 2015 par plus de deux tiers des marques, soit le double par rapport au précédent rapport (+ 4%). Les résultats les plus élevés ont été trouvés, encore une fois, dans les axes « Digital Customer Experience Proficiency » (+ 10%) et « Strategic Reach » (+ 6% dans la performance générale) mais il y a eu des améliorations dans d’autres domaines, y compris les services personnels (+ 60%) et les services cross-canaux (+ 25%).

    [READ MORE]

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    Jimmy Choo bucks Chinese slowdown in luxury sector [#luxury #china #shoes]

    From: John Murray Brown

    Jimmy Choo, the UK-listed shoemaker, shrugged off the slowdown in the Chinese economy, as new store openings boosted total sales by 7 per cent in 2015.

    The high end footwear brand, made famous by the US sitcom Sex and the City, said sales rose from £300m to £318m in the year to December 31.

    [READ MORE]

     

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    Chanel Chief Executive Maureen Chiquet will leave the company by the end of January [#Chanel #US]

    French luxury goods maker Chanel said on Wednesday that Chief Executive Maureen Chiquet will leave the company by the end of January, the New York Times reported.

    Chiquet, who has been CEO since 2007, is leaving "due to differences of opinion about the strategic direction of the company," the NYT quoted Chanel as saying.

    Chairman Alain Wertheimer will take over operational responsibilities as the company seeks a new leader, the Times reported.

    The news of Chiquet's departure came just a day after Chanel exhibited its latest haute couture collection in Paris.

    Chanel could not immediately be reached for comment outside regular business hours.

    [READ ON REUTERS]

    A Francophile since childhood, Maureen Chiquet has climbed the ladder of the fashion industry to lead the world’s most glamorous brand

    Ever since she was a child, Maureen Chiquet has had a love affair with all things French. As a young girl, she dreamt of “living in Paris and being French”, she told Time in 2010.

    Her other passion was the visual arts, and she hoped she would one day have a career in “creating beautiful products and images”. Now, as the CEO of France’s most famous fashion house, the 50-year-old American businesswomen might feel that she has fulfilled the ambitions of her childhood self.

    Passport to Paris
    Born Kathryn Daughtery Maureen Chiquet in St Louis, Missouri, in 1963, she went on to be educated at the prestigious Yale University in Connecticut. Shortly after being named CEO of Chanel in 2007, she spoke to the alumni magazine about her career. She said her time at the university had been particularly fruitful: “One thing that’s unique about Yale in my memory was the access you get to great minds. There was never a hurdle. Maybe that environment creates that feeling of power to do things that are extraordinary.”

    Graduating with a degree in film and literature, she was unsure of what to do next in her career: she walked out of one of her LSAT law exams. Instead, she found an internship in the city she had dreamt of living in since a child, as marketing intern at L’Oreal Paris. Speaking to Time, she described that moment as “the beginning of my career and love affair with the world of beauty and fashion”.

    [TO LEARN MORE ABOUT MAUREEN CHIQUET]

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    US cosmetics market to hit US$62 billion in 2016. [#Cosmetics #US]

    The US beauty and cosmetics industry – the largest in the world – is expected to report revenue of US$62 billion in 2016, according to an article published by Market Research.

    [READ MORE]

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    Experiential Retail: How industry leading cosmetics brands are moving ahead. [#loreal #retail #us]

    By Deanna Utroske, 27-Jan-2016

    L’Oréal’s color cosmetics brand NYX Professional Makeup just opened a digitally enhanced flagship store in California’s Silicon Valley. It’s the start of a new retail strategy for NYX and part of an industry wide movement.

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    Heavier #Regulations Being Considered by the US Congress. [#Cosmetics #US]

    By Kenneth Artz (KArtz@heartland.org) research fellow for health policy at The Heartland

    Rep. Pete Sessions (R-TX) introduced the Safe Cosmetics Modernization Act (SCMA) in the U.S. House of Representatives in November 2015.

    Sessions said in a statement given while introducing the bill that it would streamline and strengthen consumer safety requirements without “strangling small businesses in the cosmetic industry with onerous regulations.”

    “[SCMA] creates uniform standards and provides entrepreneurs and innovators in the cosmetic industry with the opportunities they need to compete in both national and international marketplaces by modernizing outdated regulations,” said Sessions in his statement.

    [READ MORE]

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    Cruel dilemma: European Union law bans cosmetics testing on animal, China requires it. - [#cosmetics #animaltesting]

    The announcement that PETA UK has accused nine leading cosmetics brands of breaking European law by selling products tested on animals for the Chinese market is very disturbing, if not surprising.

    European Union law bans the sale of any cosmetic product that has been tested on animals in finished form after 2004, as well as cosmetics containing ingredients subject to new animal testing after 2013.

    According to PETA, cosmetics brands Benefit, Bliss, Caudalie, Clarins, Clinique, Dior, Estée Lauder and Gucci all sell their products in China, where the law requires pre-market animal testing for all imported cosmetics. There are also reports of Chinese authorities carrying out post-market animal testing on cosmetics already approved for sale, and also requiring companies to carry out additional animal testing for cosmetic ingredients that have not previously been approved for use in China.

    [READ MORE]