Hong Kong Protests Impact Golden Week Luxury Sales

Protesters occupy the road in Admiralty, Hong Kong | Source: Shutterstock

Imagine a Christmas shopping season with closed stores and customers stranded because cabs are nowhere in sight. For retailers of Fendi bags and Rolex watches in Hong Kong, pro-democracy protests wreak havoc during one of the busiest times of the year, the China National Day holidays known as Golden Week.

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The China Edit | Andrew Keith of Lane Crawford, Tiffany’s Growth Plan, Chow Tai Fook’s Mass Appeal, Chicago Outlet

Tiffany holiday campaign | Source: Tiffany & Co

The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.

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Market Pulse | Resilience in the Face of Uncertainty

Savigny Luxury Index January 2012 | Source: Savigny Partners

LONDON, United Kingdom — While the luxury industry entered 2012 with an overall outlook that remain uncertain, the sector remained resilient. Big news The Savigny Luxury Index (SLI) lost 2.6 percent in December, whilst the general market index MSCI gained 3 percent over the period.  The cause for this divergence was a temporary sell-off in luxury stocks in mid-December.  Two factors contributed to this: the Italian sovereign debt

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