Digital Luxury Group ranks and analyzes 400+ luxury brands in China within Fashion, Cars, Beauty, Watches, Jewelry and Hospitality
Shanghai (PRWEB) June 27, 2013
Chanel has become the #1 most sought-after global luxury brand in China, according to the World Luxury Index™ China – 2nd Edition. The brand overtook Louis Vuitton thanks to rising interest in various product segments, particularly beauty. Interest for Louis Vuitton on the other hand originated mainly from the fashion segment, accounting for almost three-quarters of total interest in the brand.
According to David Sadigh, Founder & CEO of Digital Luxury Group, “Louis Vuitton has reported a disappointing first quarter, while brands from different segments ranging from Chanel to Coach or Burberry are continuing to grow. Though rapidly evolving, the Chinese market is still developing. In order to stay ahead of the game, brands must have the ability to adapt quickly thus reducing the risk of brand saturation. In the case of Louis Vuitton, LVMH has already shifted gears, putting the brakes on its global expansion, whilst raising prices and developing more leather upmarket products.”
Digital Luxury Group (DLG), the first international company to create luxury industry market intelligence, in partnership with Luxury Society, the world’s largest community of luxury executives, unveil the World Luxury Index™ China – 2nd Edition, a ranking and analysis of the most-sought after luxury brands in China.
This year’s report reveals that Chinese consumer interest in the luxury market is dominated by heavyweights: Cars (53.50%), Beauty (22.70%) and Fashion (14.90%). New brands to enter the Top 50 are: Elizabeth Arden (#43) and Rado (#50), whilst Salvatore Ferragamo and Moncler are “out” of this year’s rankings.
“Many brands expected that an increase in Chinese sophistication would reduce the cultural gap with their overseas consumers. In some cases, it actually contributed to the development of unique local preferences, independent from Western tastes, thus challenging luxury brands in terms of product offering but also opening up the way for new opportunities to grow in the Chinese market,”comments Pablo Mauron, General Manager China at Digital Luxury Group.
Among the key trends identified, shaping the China luxury market:**
Fashion – The Top 3 Most Sought-After Fashion Brands in China are: Chanel (#1), Louis Vuitton (#2) and Gucci (#3). Giorgio Armani, is the fastest growing fashion brand, up +17 spots since last year. Bags and wallets dominate the fashion market in China accounting for almost 90% of total interest. Celine’s “Luggage,” consolidates its iconic status in the mainland as the #1 most popular handbag model, followed by Hermès’ Birkin and Chanel’s 2.55.
Cars – Audi (#1) and BMW (#2) maintain their leadership position in the luxury car segment. Lexus (in 3rd place), breaks the German trio, moving ahead of Mercedes (now 4th). Jaguar is the rising star, showing the fastest evolution (+5 places since last year) followed by Cadillac and Lincoln. Maybach, Ferrari and Maserati experienced the biggest losses in the category.
Beauty – Estée Lauder, Lancôme and Dior retain their spot as the three most desired beauty brands in the Chinese market - Lancôme overtaking Dior as #2. Skincare accounts for almost 60% of all Beauty searches. American beauty brands Estée Lauder and Clinique are popular with skincare products, whilst European brands Dior and Chanel are more popular for fragrance. Lancôme’s demand is evenly distributed across the three main segments: skincare, fragrance and makeup. Most popular beauty products are: Clinique’s Dramatically Different Moisturizing Gel and Benefit’s dr. feelgood makeup primer. Most popular fragrances are led by French classics: Dior J’adore, Chanel N°5 and Chanel Chance.
Watches – Omega, Rolex and Longines lead the Chinese luxury watch segment. Classic, elegant models dominate Chinese consumer interest lead by Omega’s De Ville, which becomes the number one most sought-after model (up 3 spots).
Jewelry – The Top 3 Jewelry leaders consolidate their stronghold on the market accounting for almost 90% of total interest, led by Chinese brand Chow Tai Fook (#1), Cartier (#2) and Swarovski (#3). Rings are the most sought-after jewelry product, representing over half of all searches, in majority for Cartier and Tiffany & Co.
Hospitality – Sheraton (#1), Hilton (#2) and Intercontinental (#3) maintain their lead as most sought-after hotel brands in China. For more information on the luxury hospitality market, see recently released, World Luxury Index™ Hotels.
The report is part of the World Luxury Index™, an international ranking and analysis of the most sought-after brands within the luxury industry. This study covers 400+ luxury brands within six key segments (fashion, cars, beauty, watches, jewelry and hospitality) and provides insights on the interest coming from luxury consumers in China. The unbiased information is derived from 680 million consumer online searches originating from leading search engines Baidu and Google.
**Data Range: January through December 2012.
A sample of the report is available for download at: http://dlgr.com/wlichina2
More detailed data and analysis on a particular brand or topic is available upon request.
Please use #WorldLuxuryIndex when mentioning the report.
Brands Used in the study:
Omega,Rolex,Longines, Cartier, Rado, Patek Philippe, Vacheron Constantin, IWC, Piaget, Chanel, Tag Heuer, Chopard, Montblanc, Jaeger-LeCoultre,Tudor, Bulgari, Panerai, Baume & Mercier, Hermès, Breguet, Breitling, A. Lange & Söhne, Audemars Piguet, Hublot, Blancpain, Glashütte Original, Dior, Zenith, Van Cleef & Arpels, Louis Vuitton, Tiffany & co, Raymond Weil, Franck Muller, Maurice Lacroix,Girard-Perregaux, Corum, Carl F Bucherer, Ebel, Harry Winston, Parmigiani, Frédérique Constant, Ulysse Nardin, Jaquet Droz, Richard Mille, Roger Dubuis, Technomarine, Sinn, Chaumet, Bell & Ross, Eberhard, Bovet, Jacob & co, Concord, Vulcain, De Bethune, Romain Jerome, Louis Erard, Greubel Forsey, Perrelet, Bremont, Ralph Lauren, Graham, Chow Tai Fook, Swarovski, De Beers, Graff, Baccarat, Mikimoto, Links of London, Boucheron, Forevermark, Charriol, Gitanjali Jewels, Tous, Damiani, Fred, Wellendorff, David Yurman, Pomellato, Garrard, Soo Kee, Buccellati, Adler, Asprey, Beaudry, Bing Bang, Boodles, Carrera y Carrera, Cathy Waterman, Chantecler, Charles Krypell, Christopher Designs, Daniel K, David Morris, David Webb, De Grisogono, Dinh Van, Fabergé, Furrer Jacot, Gregg Ruth, Gurhan, H. Stern, Hemmerle, Hirsh, Jack Kelege, John Hardy, Jude Frances, Judith Ripka, Kwiat, Leviev, Marco Bicego, Martin Katz, Mauboussin, Mellerio dits Meller, Messika, Moussaeiff, Nakshatra, Neil Lane, Oliva, Paspaley, Pasquale Bruni, Penny Preville, Pianegonda, Repossi, Ritani, Roberto Coin, Schoeffel, Scott Kay, Shamballa Jewels, Shaun Leane, Solange Azagury-Partridge, Stephen Webster, Tateossian, Theo Fennell, Tom Binns, William Goldberg, Audi, BMW, Lexus, Volvo, Mercedes Benz, Porsche, Infiniti, Ferrari, Cadillac, Lincoln, Jaguar, Rolls Royce, Land Rover, Bentley, Acura, Maybach, Bugatti, Lamborghini, Maserati, Aston Martin, Pagani, Lotus, Ruf, McLaren, Koenigsegg, Marussia, Spyker, Tesla, Shelby, Fisker, Ariel, Gumpert, Morgan, Vector, Mercury, Noble, Saleen, Wiesmann, Callaway, Ascari, KTM, Invicta, Caterham, Alpina, PGO, TVR, De Tomaso Ginetta, Marcos, Mastretta, Venturi, Gucci, Coach, Prada Burberry, Armani, Celine, Salvatore Ferragamo, Moncler, Fendi, Christian Louboutin, Versace, Mulberry, Michael Kors, Alfred Dunhill, Bally, Givenchy, Balenciaga, Longchamp, Chloe, Bottega Veneta, Comme des Garçons, Dolce & Gabbana, Valentino, Miu Miu, Lacoste, Tory Burch, Loewe, Ermenegildo Zegna, Hervé Léger, Lancel, Marc Jacobs, Yves Saint Laurent, Tod's, Vera Wang, Anna Sui, Missoni, Calvin Klein, Jimmy Choo, Issey Miyake, Alexander Wang, Vivienne Westwood, Lanvin, Hugo Boss, Goyard, Kate Spade, Kenzo, Paul Smith, Moschino, Guy Laroche, Hogan, Alexander McQueen, Nina Ricci, Marni, Roger Vivier, Tom Ford, Max Mara, Canali, Dsquared, Balmain, Escada, A Testoni, Aquascutum, Isabel Marant, Manolo Blahnik, Yohji Yamamoto, Roberto Cavalli, Trussardi, Proenza Schouler, Marchesa, Stella McCartney, 3.1 Phillip Lim, Emilio Pucci, Elie Saab, Etro, Carolina Herrera, The Row, Jil Sander, Hackett, Costume National, Diane von Furstenberg, Giuseppe Zanotti, Rick Owens, Gianfranco Ferre, John Galliano, Church's, Sergio Rossi, Betsey Johnson, Shanghai Tang, Ann Demeulemeester, Berluti, Raf Simons, Sonia Rykiel, Thomas Pink, Azzaro, Kiton, Paco Rabanne, Stuart Weitzman, Jean Paul Gaultier, La Perla, Malo, Agent Provocateur, Ports 1961, Brioni, Akris, Anya Hindmarch, Loro Piana, Pollini, Thierry Mugler, Helmut Lang, Monique Lhuillier, Rodarte, Donna Karan, Alberta Ferretti, Barbara Bui, Brunello Cucinelli, Carlos Miele, Catherine Malandrino, Christian Lacroix, Derek Lam, Dries van Noten, Emanuel Ungaro, Eres, Façonnable, Francesco Smalto, Fratelli Rossetti, Hussein Chalayan, JM Weston, Jason Wu, Jenny Packham, Jitrois, John Lobb, John Varvatos, Judith Leiber, Maison Martin Margiela, Matthew Williamson, Narciso Rodriguez, Nicholas Kirkwood, Oscar de la Renta, Paule Ka, Peter Som, Pierre Hardy, Prabal Gurung, Pringle of Scotland, Rena Lange, Rene Caovilla, Rochas, St. John, Stefano Ricci, Thakoon, Valextra, Viktor & Rolf, Zac Posen, Zilli, Estee Lauder, Lancome, Clinique, Shiseido, Borghese, Biotherm, Guerlain, Benefit, Clarins, Shu Uemura, Elizabeth Arden, Kiehl's, La Mer, Sisley, MAC Cosmetics, Menard
Jurlique, Comme des Garcons, Bobbi Brown, Amore Pacific, Talika, Make Up For Ever, Lancaster, Caudalie, Helena Rubinstein, Aesop, Chantecaille, Valmont, Fresh, Laura Mercier, La Prairie, Orlane, SK II, Creed, Fragonard, Nars, Aramis, Jo Malone, ReVive, Cle de Peau, Kanebo Sensai, Darphin, Dr Brandt, Clive Christian, Acqua di Parma, Annick Goutal, Eve Lom, Sothys, Erno Laszlo, Carita, Trish McEvoy, By Terry, Anne Semonin, Bumble & Bumble, By Kilian, Diptyque, Kenzoki, L'Artisan Parfumeur, Malin+Goetz, Miller Harris, Molton Brown, Nature Bisse, Serge Lutens, Sheraton, InterContinental, Westin, Nikko, Hilton, Renaissance, Kempinski, Shangri-La, Four Seasons, Hyatt Regency, Peninsula, Swissotel, Ritz-Carlton, Regent, Sofitel, Grand Hyatt, Mandarin Oriental, Langham, Le Méridien, Pan Pacific, Park Hyatt, Raffles, Lotte, Banyan Tree, St. Regis, Fairmont, W hotel, Aman, Wyndham, JW Marriott, Gloria Grand, Conrad, Jumeirah, Okura, Andaz, Anantara, Warwick, Armani Hotels, Bulgari Hotels, Hyatt, Waldorf Astoria, Capella, Angsana, Taj hotel, Trump, Gran Melia, Dusit, Omni hotel, Six Senses, Rosewood, Como, Boscolo, Corinthia, Loews, Oberoi, Alila, ITC, Royal Tulip, Rocco Forte, Tivoli, Baglioni, Viceroy, One & Only, The Leela, The Chedi, GHM Hotels, Conrad hotel, Melia, Capella hotel, Kerry hotel, Hospes, RockResorts, Zuri
About Digital Luxury Group
Digital Luxury Group (DLG) is the first international company to provide luxury industry market intelligence (such as the World Luxury Index™ and World Watch Report) and use this strategic viewpoint to create and implement unique digital marketing and communication strategies for luxury brands. With headquarters in Geneva, the company has offices in New York and Shanghai. For more information: http://www.digital-luxury.com
About Luxury Society
Luxury Society is the world's most influential online community of top luxury executives. Based in Paris, with members in more than 150 countries, Luxury Society informs and connects CEOs, managers, journalists, consultants, designers and analysts from across the luxury industry. http://www.luxurysociety.com
Reported by PRWeb 6 minutes ago.