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2017 | OriginalPaper | Buchkapitel

3. The Aspirational Rich

verfasst von : Glyn Atwal, Douglas Bryson

Erschienen in: Luxury Brands in China and India

Verlag: Palgrave Macmillan UK

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Abstract

The objective of this chapter is to decode the ‘Aspirational Rich’ in China and India in order to understand which aspirations consumers might trade-off for more salient ones. The chapter provides a detailed profile of two broad consumer groups that are driven by either the aspiration to create or to recreate social boundaries. This, in turn, will also determine which tactics and strategies international luxury brands should consider in order to take advantage of a new and growing mass luxury market segment.

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Fußnoten
1
Luca Solca is head of global luxury goods at Exane BNP Paribas.
 
2
It should be noted Euromonitor International consequently repeated this research using 2013 survey data and segmented respondents into five consumer types in each market, which then fit into seven global archetypes.
 
3
Italics added by the authors to denote emphasis.
 
4
A BCG survey reported that on average, Chinese consumers within the 18–35 age bracket were aware of 20 skin-care brands compared to 14 brands for the US sample (BCG 2015).
 
5
The app MeituPic allows users to retouch their appearance such as enlarging eyes or smoothing skin.
 
7
DIAGEO, Johnnie Walker House.
 
8
Fan Bingbing has over 53 million followers on her Sina Weibo account, but the so-called Queen of Weibo is the Chinese actress, Yao Chen with over 80 million followers.
 
9
Sonam Kapoor is a leading Bollywood actress.
 
11
‘I would rather cry in a BMW than smile on a bicycle’ has become a well-known catchphrase to denote a particular class of women. The phrase originates from a female contestant on a dating TV show in 2010.
 
12
Tuhao comprises the characters for ‘earth’ and ‘powerful’, but one commentator has translated Tuhao to mean ‘dirty rich’ (Volodzko 2015).
 
13
Beijing, Changchun, Chengdu, Chongqing, Guangzhou, Hangzhou, Harbin, Nanjing, Qingdao, Sanya, Shanghai, Shenyang, Shenzhen, Tianjin, Wuchan, Wuxi, Xian.
 
14
In a survey of female consumers in Asia, 42 per cent of Indian respondents and 38 mainland Chinese respondents feel that store staff talk down to them because they are women (Economist Intelligence Unit 2014).
 
15
By Cui Feng Hua.
 
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Metadaten
Titel
The Aspirational Rich
verfasst von
Glyn Atwal
Douglas Bryson
Copyright-Jahr
2017
DOI
https://doi.org/10.1057/978-1-137-54715-6_3

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