Published on May 4th, 2010 | by drkkr13
Louis Vuitton, Gucci, Chanel, Rado, Montblanc, Prada, Armani, Rolex……….. It is a dream to earn and own these. All these are millionaires label, but when you are a Globetrotter, you see how these brands just create an awe across, countries, cultures, Continents. All of us love owning labels. Don’t we!!
Luxury brands are part of a new social protocol where your identity and self worth are determined by the visible brands on your body.
Japanese consumers are the world leaders with their obsession on Luxury brands and they contribute over 40 percent on world sales of Luxury brands. Luxury brands are a US $ 80 billion global industry. Asians are passionate and big spenders towards Luxury brands.
Voice your thoughts!!
ASIA’S TOP TEN BRAND
- Louis Vuitton
Source : Radha Chadha – The cult of the Luxury brand.
But interestingly I recently bumped on these brands at an unbelievable price……… Folks, there was no sales promotions, it was by pure bargaining you get these brands at throw away prices. It seems to be identical and genuine but to my surprise that genuine fake is thriving so very well. I was told South Korea fakes it very well. When I researched on the genuine fakes I was surprised to know that it is worth US $ 540 billion globally. Lot of them buy LV and Rolex, Montblanc and it seems a tough battle for the genuine luxury brands. Those who can’t afford the original will go for the fake!! I have two questions,
- How does the genuine luxury brand deal with the genuine fake Industry ?
- Is it a crime to buy fake goods!!