In 2021, Chanel announced that it would be restricting sales of its bags in South Korea in what experts said was a move to check hoarding and inflated prices on the secondary market. However, with the rise of ‘superfake’ luxury handbags in Indonesia and elsewhere, it is clear that Chanel, and all…
Tag Archive for China
Birkin Bags as Currency During COVID-19
High-ticket items like Birkin bags and Rolex watches are often seen as barometers for the luxury business. However, how each is being perceived during this crisis couldn’t be different. Throughout the COVID-19 outbreak, reports have shown that the secondary-market prices for Birkin bags have gone…
A Chinese Company Takes on Rolls Royce with an Ultra-Luxury Million Dollar Car
When you hear of a Rolls-Royce-rivalling ultra-luxury limousine from China, it might remind you of those hideous-yet-funny knock-offs that have been a butt of jokes for many years. But things might be different this time around. If you’re not aware of a car brand named Hongqi, or Red Flag, it has…
Investing in Africa: Why The Continent Should Be On Your Radar
In just two decades, Africa’s position on the global stage has undergone a serious transformation. Many African countries have grown at strong rates, with the continent boasting six of the world’s 12 fastest-growing economies. This diverse continent is home to countless companies that are on the …
ASPIRE Pick of the Week: How China Is Changing Up the Wine Industry
Ningxia nowadays hosts more than 40,000 hectares of vines and 199 wineries, the majority of them small boutique estates focused on high-quality vintages with an average production of less than 100,000 bottles per year each. Ningxia’s wines have already won several prestigious international compet…
This is How China Could Be the New IMF
Landlocked Zambia in Africa is facing a debt crisis and it’s a typical story. During years of booming copper prices, the Zambian economy boomed. But when copper prices started falling in 2011, Zambia borrowed to stimulate the economy and maintain growth impulses. Money was spent on vanity project…
China’s Tech Growth Is Getting More Expensive
China’s consumer growth is a key plank underpinning the investment thesis for many of the country’s big technology companies but the torrent of revenue from domestic customers is getting expensive, forcing the likes of Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Sina Corp. to pony up mo…
Trend Alert! Outdoor Brands Are Winning Over Wealthy Consumers
“Patagucci” is not a new luxury brand, it’s rather a popular spin on Patagonia, the outdoor clothing company, and Gucci. Pairing the ruggedness of Patagonia’s functional outdoor clothing and “gear” with one of the most sophisticated Italian brands might seem contradictory, but for some cons…