How COVID-19 is changing the stakes for Chinese New Year
For a second straight year, Chinese New Year celebrations are being impacted by the COVID-19 pandemic — which can have implications for the luxury business.
For a second straight year, Chinese New Year celebrations are being impacted by the COVID-19 pandemic — which can have implications for the luxury business.
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In the world of super-prime luxury real estate, some properties require more elaborative and creative marketing campaigns.
China is the largest jewelry market in the world, accounting for 30 percent of the world’s demand. And since the 1980s, China has also been the largest global producer of cultured pearls, as well as 96 percent of freshwater pearls sold globally.
While platforms such as Instagram and Facebook have been deemed critical channels for brand development, luxury fashion brands should not overlook the effective marketing opportunities presented by networking site LinkedIn.
Nearly a year after COVID-19 was declared a global pandemic, in-person events have not returned in earnest — continuing to pose challenges for luxury marketers who relied on these opportunities to engage with affluent consumers.
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If luxury brands grasp only one takeaway from 2020, it should be that tastes are changing, and many could get burned.
Recently, controversy broke out in the United States after The Mahjong Line, a Dallas, TX-based company started by three white women, launched with game sets that eschewed the traditional Chinese tiles for images such as bags of flour, bubbles and kites.