Word: vuitton
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Premium health care is an outgrowth of the increased consumption of luxury goods and services that were once largely unaffordable in China--from cars to Louis Vuitton pocketbooks. According to Euromonitor International, from 2005 to January of last year, China's middle class grew 24%, from 64.4 million to 80 million. The London-based business-intelligence-research firm projects that strong economic growth could push the figure as high as 700 million...
Opposite page, from top: Ermenegildo Zegna Couture alligator shoe, $6,995 zegna.com) Louis Vuitton python shoe, $6,500 louisvuitton.com) Mezlan alligator shoe...
...enough times that if just one person mixed it up—“Bag, watch?”—you’d follow them into any questionable alleyway, up any set of narrow stairs, and into any dank, faux-Louis-Vuitton-filled room. But on most days, you don’t need to be reminded of the overwhelming pirated-goods market in Shanghai; you need to be convinced that anything here is real.The first week you spend in this former marshland, which was transformed into a financial capital seemingly overnight, can only be described...
Naturally, there are conspicuous consumers buying Louis Vuitton bags and Cartier watches, but a large number of the wealthy agree with the interviewee who said, "I have a Chevrolet taste on a Mercedes income." The contemporary wealthy shopper, say the authors, is "the logic shopper" (70%) whose middle-class upbringing leads to a focus on value and due diligence before a purchase. That may explain why the retail store most likely to have been shopped in by this demographic is Target (80%). Why pay more for the same roll of toilet paper...
...enough times that if just one person mixed it up—“Bag, watch?”—you’d follow them into any questionable alleyway, up any set of narrow stairs, and into any dank, faux-Louis-Vuitton-filled room. But on most days, you don’t need to be reminded of the overwhelming pirated-goods market in Shanghai; you need to be convinced that anything here is real.The first week you spend in this former marshland, which was transformed into a financial capital seemingly overnight, can only be described...