{"product_id":"the-bling-dynasty-why-the-reign-of-chinese-luxury-shoppers-has-only-just-begun-hardcover","title":"The Bling Dynasty: Why the Reign of Chinese Luxury Shoppers Has Only Just Begun - Hardcover","description":"\u003cp\u003eby \u003cb\u003eErwan Rambourg\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eWhy the luxury market's fate rests in Chinese wallets\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThe media has negatively focused on the Chinese political administration clamping down on gifting. Observers have come to doubt the strength of Chinese consumption as the key driver for luxury. \u003ci\u003eThe Bling Dynasty\u003c\/i\u003e illustrates how doubts about Chinese consumption are ill-founded and Chinese luxury demand is on the cusp of becoming dominant.\u003c\/p\u003e \u003cp\u003eThis book contains the research and expert views companies need to understand and address the new challenges posed by this dominance. Each chapter brings a different perspective, covering complex aspects of luxury consumption, with illustrations and real-world examples that support the research. Readers will gain insights through interviews with brand executives, retailers, experts, and consumers.\u003c\/p\u003e \u003cp\u003eAs an economic heavyweight, China is fast realizing its role in the luxury market. Chinese consumers should be accounting for more than a third of the global luxury market today, and half, if not more, in ten year's time. \u003ci\u003eThe Bling Dynasty\u003c\/i\u003e runs counter to the conventional wisdom that expanding sectors become more global. Luxury is actually becoming over-dependent on Chinese sales.\u003c\/p\u003e \u003cp\u003eReaders will: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand how Western brands developed in Asia and the challenges they are met with, notably ubiquity\u003c\/li\u003e \u003cli\u003eLearn why Chinese are purchasing luxury items abroad and what it means for the future of the sector\u003c\/li\u003e \u003cli\u003eGain insights on why there are no Chinese luxury brands challenging Western models\u003c\/li\u003e \u003cli\u003eRealize that Chinese consumers are becoming similar to their American peers and that luxury competition goes way beyond pre-conceptions\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eChina's big spenders are increasingly mobile and this is affecting key markets. \u003ci\u003eThe Bling Dynasty\u003c\/i\u003e provides new research and a comprehensive look at the booming business of luxury and the Chinese wallet.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eWHY THE LUXURY MARKET'S FATE RESTS IN CHINESE WALLETS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe media has negatively focused on the Chinese political administration clamping down on gifting. Observers have come to doubt the strength of Chinese consumption as the key driver for luxury. \u003ci\u003eThe Bling Dynasty\u003c\/i\u003e illustrates how doubts about Chinese consumption are ill-founded and Chinese luxury demand is on the cusp of becoming dominant.\u003c\/p\u003e \u003cp\u003eThis book contains the research and expert views companies need to understand and address the new challenges posed by this dominance. Each chapter brings a different perspective, covering complex aspects of luxury consumption, with illustrations and real-world examples that support the research. Readers will gain insights through interviews with brand executives, retailers, experts, and consumers.\u003c\/p\u003e \u003cp\u003eAs an economic heavyweight, China is fast realizing its role in the luxury market. Chinese consumers should be accounting for more than a third of the global luxury market today, and half, if not more, in ten years' time. \u003ci\u003eThe Bling Dynasty\u003c\/i\u003e runs counter to the conventional wisdom that expanding sectors become more global. Luxury is actually becoming over-dependent on Chinese sales.\u003c\/p\u003e \u003cp\u003eReaders will: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand how Western brands developed in Asia and the challenges they are met with, notably ubiquity\u003c\/li\u003e \u003cli\u003eLearn why Chinese are purchasing luxury items abroad and what it means for the future of the sector\u003c\/li\u003e \u003cli\u003eGain insights on why there are no Chinese luxury brands challenging Western models\u003c\/li\u003e \u003cli\u003eRealize that Chinese consumers are becoming similar to their American peers and that luxury competition goes way beyond pre-conceptions\u003c\/li\u003e \u003c\/ul\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePRAISE FOR THE BLING DYNASTY\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"\u003ci\u003eThe Bling Dynasty\u003c\/i\u003e is an insightful read for luxury managers, consultants and anyone who wants to understand consumption trends and China's role in shaping them.\"\u003cbr\u003e \u003cb\u003e--Wei Gu, \u003c\/b\u003e \u003ci\u003eWall Street Journal\u003c\/i\u003e editor for China Wealth and Luxury\u003c\/p\u003e \u003cp\u003e\"Erwan Rambourg knows the luxury goods industry inside out. His on-the-ground work in China yields deep insights into the mindset of the local consumer and a clear analysis of the unparalleled opportunities this market offers to attractive, global brands.\"\u003cbr\u003e \u003cb\u003e--Claus-Dietrich Lahrs, \u003c\/b\u003e Chief Executive Officer HUGO BOSS AG\u003c\/p\u003e \u003cp\u003e\"Through first-hand knowledge and unique facts and anecdotes, \u003ci\u003eThe Bling Dynasty\u003c\/i\u003e provides an in-depth analysis of one of the most important markets for luxury brands, China. Erwan shares his insights with incisive scrutiny and wit, and offers a unique perspective on a sector that is both abundantly discussed yet still filled with misconceptions.\"\u003cbr\u003e \u003cb\u003e--Ketty Pucci-Sisti Maisonrouge, \u003c\/b\u003e Luxury Entrepreneur, Adjunct Professor at Columbia Business School, Associate Professor at IE Business School, author of \u003ci\u003eThe Luxury Alchemist\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\"I have been speaking with Erwan Rambourg for years and have benefited considerably from his ideas. Anyone who wants to understand the luxury market must first understand the Chinese consumer. \u003ci\u003eThe Bling Dynasty\u003c\/i\u003e is a must-read for investors, marketers, or anyone who wants a deeper understanding of the future of luxury in China.\"\u003cbr\u003e \u003cb\u003e--Robert Dunphy, \u003c\/b\u003e Portfolio Manager, OppenheimerFunds\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eERWAN RAMBOURG\u003c\/b\u003e is a managing director at HSBC in Hong Kong and the co-head of Global Consumer \u0026amp; Retail Equity Research. He has been a top-ranked analyst covering the luxury and sporting goods sectors for the bank for the past ten years. Rambourg joined HSBC in 2005 after working for eight years as a marketing manager in the luxury industry, notably for Richemont and LVMH. He is regularly featured in the \u003ci\u003eWall Street Journal\u003c\/i\u003e and the \u003ci\u003eFinancial Times\u003c\/i\u003e and appears on CNBC and Bloomberg. Rambourg grew up in New York and has lived and worked in Paris and London. In 2011, he moved to Hong Kong.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 300\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.77 x 10.25 x 5.35 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 13, 2014\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":42127768060039,"sku":"9781118950296","price":34.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0601\/2623\/2711\/files\/7e7c40d61dc69198fed6e8aac13aa2a6.webp?v=1732590509","url":"https:\/\/booksby.splitshops.com\/products\/the-bling-dynasty-why-the-reign-of-chinese-luxury-shoppers-has-only-just-begun-hardcover","provider":"Books by splitShops","version":"1.0","type":"link"}