Shenzhen, one of China’s most developed cities, is known for its high-intensity, fast-paced lifestyle, which has spurred a strong need among its residents to relieve stress through “consumption.” The city is densely populated with high-income individuals, which not only favors fashion luxury goods but also makes high-end experiential consumption and social activities particularly popular there.
Sophia Wu, CEO of SHANG XIA, elaborated on the brand’s latest strategic moves to Luxeplace.com and sincerely shared her management insights and reflections since taking office.
From January 16, 2024, to January 31, 2024, the 【Luxe.CO Biweekly Ranking】collected 44 brand activities from 33 luxury brands in the Chinese market, including marketing updates (9), store expansions/renovations (25), pop-up store openings (9), and brand ambassador appointments (1).
Other honorees include Kenya Hara, recipient of the DFA Lifetime Achievement Award, and Victor Lo, who won the DFA Design Leadership Award.
Since going public, the company’s stock price has risen nearly 15%, with a current market value of approximately 17.6 billion euros.
In 2022, Luxe.CO’s Personnel Trends column recorded a total of 24 key changes in the top leadership of luxury companies.
In 2022, Luxe.CO’s Personnel Trends column recorded a total of 29 fashion and luxury brands that had announced changes to their creative directors. Among them, 27 companies have newcomers in place, and 2 companies have left the spot vacant. From this, we have observed 5 important trends.
In the last two weeks of 2022 (December 16-29, 2022), Luxury Brands in China Bi-weekly by Luxe.CO has compiled a list of 30 luxury brands that have launched Year of the Rabbit Spring collections.
