PRZOOM - /newswire/ -
Shanghai, China, 2008/08/06 - The 4th Annual China Luxury Summit 2008 will once again renew the legendary luxury business event of China and Asia Pacific, with the support from ALTAGAMMA, WALPOLE, and ESSEC in 11th -12th November, Shanghai.
How luxury industrial players sustain their slices in China, one of largest cakes in merging market? How they balance between the desire of massive profit from China "nouveau riche" and a highly exclusive brand heritage? Crucial questions will be posed to discuss in the 2 day sessions in 2008, the year of turning point.
This is a year, when Luxury conglomerates, independent luxury companies and interest groups will need to think about their future direction towards their base market of western countries and emerging market as Asia with a big picture. And the picture is painted by colors as widespread economic downturns in US and Europe, the rocketing high oil price, the increasing concern of environment and sustainable development.
Luxury Industry in China, as any other retailing business, is encountering a deep change of value in economics, society and culture, influenced by continuous increase of high net worth individuals and their wealth, the further economic structure transformation and the severe domestic inflation. Also it is marked with vital incidents as natural disasters as ice storm, massive earthquake and the mega Olympics.
We captured below luxury related phenomena for you to think, and think with the above pictures.
- In the past decade, wealth exploded in a rate far beyond Chinese rich class’s expectation. High net worth Individuals are more or less lost in the massive wealth and not yet cultivated a luxurious taste. How to spend the money to fulfill their inner demand physically and physiologically?
- When commercialization becomes theme of Luxury Industry, the industry of creativity and art, how capitals meet the founder’s brand heritage, when so many easy cash are calling you to gain?
- Can Chinese purchasing power start from consumer to owner, to become a player of global luxury M&A game as our Indian’s TATA group acquires Jaguar? What is the picture of world luxury industry by then?
Think those big questions and bring them to the 4th Annual China Luxury Summit. We have prepared a platform for you to meet peers, to find various answers, and to close to the solutions.
China Decision Makers Consultancy (CDMC), striving to leverage your brand equity and to capture new revenue streams in China, organized the 1st annual China Luxury Summit together with ESSEC MBA in International Luxury Brand Management in 2005. Till now she has become the best known event in Asia.