China Hurun

The Hurun Report recently released their Best of the Best Awards for 2015. Hurun is famous for releasing China's equivalent of the Forbes 500, a magazine targeted towards China's richest. Their survey saw Apple voted as the top gift brand for both men and women. In China Apple is the luxury brand iPhones are now officially more valuable than handbags (see below). The corruption crackdown is still having an effect on gift giving down 5% year on year on top of the 25% fall last year.

Source: http://www.hurun.net/en/ArticleShow.aspx?nid=9604

Australia was the preferred international travel destination with Qantas voted as having the best year on year performance for business class meals. In what should be good news for the Aussie economy travel and retail go hand in hand 7 out of 10 luxury purchases are bought overseas.

Source: http://www.hurun.net/en/ArticleShow.aspx?nid=9604

Jason

http://www.decisiveassetmanagement.com/

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