2011年03月28日

China's middle class bag 'luxury' labels



It could be a queue for a pop concert, a top nightclub or even the opening night at the theatre. But the hundreds of people lined up in a Hong Kong street are actually waiting to bag a bit of luxury.

"We're looking for new handbags," says student Celeste Law as she queues patiently alongside her friend, Karina Luh, outside the supermarket-sized branch of Chanel on Hong Kong's Canton Road.

The students, both 20, already sport impressive accessories - Celeste carries a Louis Vuitton monogrammed bag, while her friend's is from Chanel.
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Both work part-time and saved for over a year to buy their trophies.

"We want them because of the famous brand," said Celeste. "What can I say? People will focus on your bag. It's about feeling confident."

Even on a weekday morning, Canton Road is flooded with shoppers happy to pay a small fortune for a luxury tote, shoulder bag or evening clutch in its jumbo designer stores.

Many are from the Chinese mainland, and some even carry suitcases to get their purchases home. The market for such luxury has extended far beyond China's roughly 900,000 US dollar millionaires.

The market is now being driven by China's burgeoning middle-class, with the truly rich going ever further upmarket - happily spending tens of thousands of dollars on the right bag.

Handbag sales for Prada alone grew by over 80 per cent in China in 2010, Sebastian Suhl, chief operating officer at the Prada Group, said, while those of the group's Miu Miu brand rocketed by over 500 per cent.

"We believe we have only begun to scratch the surface of China's potential," Suhl added.

The brokerage firm CLSA Asia-Pacific Markets predicts China will become the world's largest luxury goods market by 2020, accounting for 44 per cent of worldwide sales and bigger than the entire global market is now.

Christina Ko, who blogs at HK Fashion Geek, said the Asian love of the luxury bag has become "a cultural fact". "In the same way that Asians prefer rice to potatoes, they also prefer luxury handbags to non-branded ones."

But as customers become more sophisticated, the demand is changing - bringing those who would previously have bought fakes into the market for the real thing.

"Middle-class people are getting the Louis Vuitton bags, and the people who used to get them are now looking for something else," Amanda Lee, who writes the Hong Kong-based blog Fashionography, said.

Zuki Ho, a sales associate and mother, is one of the middle-class buyers boosting the industry. She owns 15 luxury handbags, and once spent HK$40,000 ($A5,068), double her monthly salary, on a handbag.

She says she loves handbags because "I enjoy being watched on the street when I'm carrying the bag". But she would never buy a fake: "I'm afraid of being found out."

Fakes remain big business in China, but genuine luxury is bigger.

And while women are a growing force in the Chinese designer market, men are not immune, competing fiercely over the most stylish 'man bag'.

At the second-hand luxury handbag store Milan Station in Hong Kong's upmarket Central district, bags sometimes sell for more than their retail price.

"People always ask for some kind of limited edition, a more expensive bag," supervisor Jackie Lau said. "People don't feel guilty about it because it's like an investment."

Customers can trade in their bags and take to the streets with a new one as often as they like, while those lucky enough to make it onto waiting lists for limited-edition bags can sell them straight to a second-hand store for a profit.

A waiting list is common for a truly coveted bag, with a wait of several months currently the norm for Mulberry's Alexa bag.

The ultimate bag of desire remains the Hermes Birkin, which famously takes 18 hours to make by hand. The crocodile skin version uses the finest sections of hide from four crocodiles.

It costs from $US9,000 ($A8,900) to an astounding $US160,000 ($A158,227) for one of the top diamond-studded models, a Hermes spokeswoman said.

Chinese women appeared immune to the "luxury shame" that affected females in other parts of the world during the global economic downturn, the consultancy Bain & Company said in 2010.

But while handbags are traditionally used to broadcast one's success and good fortune, this too may be changing as more and more women join the designer-toting club.

Lee herself has a denim Chanel bag, a gift from family, but carries it "so that no one sees the double C (logo)", she said.

"People would know (who the designer was) already if they were really into Chanel, from the shape and so on, but I feel like there's no need to let the entire world know."

ニックネーム miumiuhandbags at 12:27| Comment(0) | MIU MIU Handbags | このブログの読者になる | 更新情報をチェックする

2011年03月24日

Chloe handbags fall 2011 Paris Fashion Week Chloe handbags fall 2011 Paris Fashion Week Chloe handbags fall 2011 Paris Fashion Week

Chloe, designed by Hannah MacGibbon, showed their fall 2011 collection today during Paris Fashion Week. The collection featured clean, 1970’s vintage inspired lines with trouser pants, understated animal prints, quiet details and one distinct handbag style for fall; the bucket bag.

The Chloe bucket bag was spotted on roughly half of the models who walked down the runway. The bucket bag was shown in different variations with the same, bucket silhouette. Chloe combined two-tone leather together as well as created exotic skin bucket bags. The color palette was neutral with a touch of military green thrown in with black.

The bucket bags featured a narrow flap closure which exposed the open top underneath. The straps on Chloe’s bucket bags were thick, roughly two inches wide and featured a longer length. Chloe’s straps were long enough to allow the bottom of the bags to hit at the model’s hip bone. The length of the bucket bags was long allowing the tops of the bags to touch the bottom of the model’s rib cage with the bottom reaching the hip bone. The underneath of Chloe’s bucket bag was round with the bag flattening out towards to the top.


Chloe’s bucket bag features a strap which is enough to work with the current 1970’s trend and long shoulder strap while the bucket silhouette is a fresh take on a classic handbag style which is considered a more structured alternative to a hobo handbag.

To view photos from Chloe’s fall 2011 runway show during Paris Fashion Week, please click on the slideshow to the left of this article.
ニックネーム miumiuhandbags at 10:06| Comment(0) | Chloe handbags fall 2011 | このブログの読者になる | 更新情報をチェックする