Lorre White, "The Luxury Guru" defines luxury as a "quality of life", not simply amassing quantity michael kors outlet online " It is an enlightened approach to living". This allows these brands to benefit from the most powerful and fastest growing media source, the web. Americans use the internet to shop twice as much as the average individual. People spend more time michael kors handbags outlet on the web then in front of the TV. A recent study done by The Luxury Institute found that Luxury consumers were disappointed in the weakness of luxury brands to meet their on line needs. Luxury brands were slow to enter fearing affiliation with the mass marketers and an inability to supply "the luxury experience". The purpose of The Luxury Channel is to bring a luxury venue to the web where elite brands can have an appropriate environment to share their product knowledge and services in a sophisticated global reach. By all the brands sharing one venue it saves companies millions of dollars by having to establish their own channel from scratch and creating and producing content and paying to market their channel against all the other thousands of luxury brand's channels. Any commercial agency can create a product video for a company, but with The Luxury Guru you get the video and a way to distribute it internationally.
Sitoy Group Holdings Ltd., which makes Coach Inc. and Prada SpA handbags, plans to boost production capacity by 50 percent over two years as luxury brands move more manufacturing to China to cut costs.
The company is building a new plant in Yingde, Guangdong province and aims to boost capacity to 24 million handbags in 2014 from 16 million last year.
Demand for high-end purses is climbing in China, defying slower global economic growth and prompting bagmakers to localize more production, cutting transportation Zhangjj2504 costs and delivery times, Yeung said June 25 in Hong Kong. The global market for outsourced manufacturing of luxury bags and small leather goods is likely to grow to $6.8 billion in 2015 michael kors coupon code from $3.8 billion in 2010, Sitoy estimated in its initial public offering prospectus last year, citing a Frost Sullivan report.
Miu Miu (Prada Group) - Fall Winter 2012
The manufacturer, whose prospectus also lists Michael Kors Holdings Ltd., Fossil Inc. and Tumi Holdings Inc. as clients, expects rising demand will hold up amid a dip in economic growth. China yesterday cut benchmark interest rates for the second time in a month to combat a slowdown in the world's second-biggest economy.
Sitoy raised about HK$736.3 million ($95 million) in an initial public offering last year, according to data compiled by Bloomberg. Italian fashion house Prada owns 4.9 percent of the company
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