Summary of Rich Pickings

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Rating

7 Overall

7 Importance

7 Innovation

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Recommendation

The Economist Intelligence Unit applies its comprehensive reporting and simple, clear style to a detailed overview of the recent past and likely future of Asian demand for luxury goods. As the biggest player in the market, China receives the most attention in this study, which also discusses the luxury markets in India, Malaysia, Singapore and Japan. The report covers a related range of topics, such as Asia’s burgeoning middle class, the threats to high-end purveyors of counterfeit goods and online retail, and the rising consumer powerhouses in India and a variety of smaller but growing national markets. getAbstract recommends this pragmatic summary to anyone doing high-end business in Asia or considering investments in luxury brands or trends.

In this summary, you will learn

  • How the market for luxury goods and services in Asia is faring;
  • What its future growth prospects portend; and
  • What challenges high-end retailers face in China, India and other Asian nations.
 

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

 

Summary

“Rich Pickings”
Even though “unlocking Asian potential remains the priority for luxury brands,” the immediate market for high-end goods in Asia cooled off early in 2013 after five strong years. This happened, in part, because the Chinese government’s suppression of “conspicuous consumption...

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