Right after the financial crisis, has the Chinese market become the haven for luxury goods? How does a developing country become the second largest consumer of the luxury goods? Do Louis Vuitton, Chanel and other big names become the concubine designer handbags? The corrupt officials have become one of the most important consumer luxury goods.
China Europe International Business School recently held its second "Top Brand Summit" on these topics and this topic led the intense discussion among the industry experts and scholars. A series of distortions caused by Louis Vuitton in China have more and more impact on Chinese people.
When we come to the luxury brands, we often think of Louis Vuitton, Gucci, Prada, Hermes, and other international brands while the Chinese local luxury brands are unknown to many. Especially in apparel, or the monopoly of foreign brands.
In China, the luxury of the users will always be labeled. There was a journalist that said there are two types of people who buy Louis Vuitton bags, one type is concubine while the other kind is the rich second generation. After they buy a Louis Vuitton handbag, then they continue to buy one by one. Then so many Louis Vuitton handbags are piled up.
Wednesday, January 5, 2011
How Come the Louis Vuitton Concubine Handbags?
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