Tag - luxury-goods

 
 

LUXURY GOODS

High-end tourism is becoming more about the kinds of experiences that Japan's lesser-known places can provide.
LIFE / Travel / Longform
Mar 25, 2024
Can Japan lure the jet-set class off the beaten path?
High-end travelers are looking for sustainability, wellness and adventure when they head abroad. Japan hopes to deliver in places other than Tokyo.
Takazumi Kominato's compan, Neo Reverse, ran a rental service called Toke Match, through which luxury watches are borrowed from owners and renting out to others for a fixed fee based on their value.
JAPAN / Crime & Legal
Mar 7, 2024
Tokyo police seek former boss of luxury watch rental firm over alleged embezzlement
The suspect, who is believed to have fled Japan, allegedly sold borrowed timepieces without permission from their owners.
South Korea's President Yoon Suk-yeol and his wife Kim Keon-hee have been plunged into controversy after hidden camera footage emerged appearing to show Kim accepting a Dior bag as a gift.
ASIA PACIFIC / Politics
Jan 24, 2024
'Dior bag scandal' mars South Korean ruling party before election
The controversy over the apparent acceptance of a gift by his wife may threaten Yoon Suk-yeol's bid to reclaim a parliamentary majority in April's election.
Foreign tourists take pictures in Tokyo's Asakusa district in November.
BUSINESS
Dec 20, 2023
Japan’s post-pandemic tourists shift spending to crafts and jewelry
Average spending on traditional handicrafts per visitor was ¥13,338 ($92) in the July-September quarter, up 80% from the same period in 2019.
What makes a good gift guide? The answers are as varied as they are complex.
LIFE / Lifestyle
Dec 16, 2023
The naughty and nice of creating holiday gift guides
The most shoppable gift guides, some say, suggest products that are novel but useful, surprising but thoughtful, affordable but not cheap.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023
Exclusivity the name of the game as firms target China's wealthiest
Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
In addition to its regular whiskies, Suntory is released a limited-edition 100th Anniversary Hibiki blend retailing at $5,000 per bottle.
LIFE / Food & Drink
Nov 5, 2023
A century of Suntory's whisky mastery costs $5,000 per bottle
Suntory's 100th anniversary blends are already selling for double their original retail prices online.
A farmer harvests jasmine flowers on the outskirts of Madurai, India. Jasmine has been used for millennia in India to honor the gods, and the valuable scent is now being snapped up as an essential ingredient for global perfumes.
BUSINESS / Companies
Aug 16, 2023
Scent of luxury: India's jasmine infuses global perfume
Jasmine's fragrant flowers have been used for millennia in India to honor the gods, and the scent is a key part of world-famous perfumes.
Japan Times
BUSINESS / Economy
Jul 19, 2023
Why China could become the luxury industry's next sore spot
The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest figures suggest both markets may be starting to slow.
Japan Times
BUSINESS / ANALYSIS
May 5, 2023
Fewer luxury shoppers but bigger spenders as Chinese return to Europe
Those trickling back to Europe are mostly business travelers and wealthier people who have the means to travel 'a bit differently.'
Japan Times
JAPAN / Regional Voices: Hiroshima
Feb 27, 2023
‘Made in Japan’ jeans from Okayama still evolving, 50 years on
Fully domestic-made jeans were first manufactured in Okayama Prefecture to imitate American clothing, but have developed into unique, luxury products that sell at high prices.
Japan Times
CULTURE / Art
Feb 18, 2023
Is this Yayoi Kusama's final evolution?
A recent branding campaign with luxury brand Louis Vuitton raises the question: Is she still interesting?
Japan Times
BUSINESS / Economy
Aug 19, 2021
Japan appears poised to join the laboratory-made diamond party
Sold for around half the price of a similar natural gem, diamonds grown in labs are made inside a microwave chamber, superheated into a glowing plasma ball that crystallizes over weeks.
Japan Times
BUSINESS / Companies
Jan 20, 2021
More stores shutter up in Tokyo's high-end Ginza Six mall amid travel bans
Department stores in central Tokyo, heavily dependent on tourists in the past several years, have been hit particularly hard.
Japan Times
JAPAN / Media / BIG IN JAPAN
Oct 24, 2020
Pandemic pushes Japan's wealthy to spend like there's no tomorrow
Since overseas travel has become virtually impossible, some people have been diverting more of their disposable income into luxury items such as new cars.
Japan Times
JAPAN / Media / Japan Pulse
Aug 29, 2020
Small luxuries offer some consolation amid COVID-19 pandemic
With more time on their hands, consumers are shopping online to make their home lives more comfortable.
Japan Times
ASIA PACIFIC
Nov 23, 2018
Chinese e-commerce sites remove Dolce & Gabbana products following backlash over 'racist' advertising campaign
Chinese e-commerce sites have removed Dolce & Gabbana products amid a spiraling backlash against an advertising campaign that was decried as racist by celebrities and on social media.
Japan Times
LIFE / Lifestyle
Apr 1, 2018
Pampered pooches get their tickets to ride, but do they care?
Ding Dong and Fun Fun, a pair of 12-year-old Yorkshire terriers, know how to enjoy the high life — literally.
Japan Times
BUSINESS / Companies
Jan 26, 2018
Citizen considers luxury acquisitions to attract high net worth customers
Citizen Watch Co., the country's largest watchmaker, is eyeing acquisitions that could add premium timepieces to its offerings, as the company looks to gain more high net-worth customers.

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?