Wednesday, 30 June 2010

The Self Made Chinese Billionaires - 30/06/10

The Chinese luxury consumer just keeps increasing, with a confirmation now of 79 Chinese billionaires. Forbes reported “China's rich are fuelling the country's 15% annual growth in luxury sales, which have reached $9 billion a year, making the country the world's second largest market for top-end products.”

It cannot be argued that the Chinese consumer market is growing rapidly. Earlier this year we brought the news that the Chinese luxury market is now the second biggest in the world. Last year, we took a peak into the billionaire world of Beijing.

Image credit: fashionphile.com

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Posted by MO at 6:00 am
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Who's behind the MO DOWN

Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury, www.moluxury.com.au