7/ watch this

China just destroyed the $400B global BIG luxury Brands market in a week. Sales are plummeting for LV, Gucci, Hermès, Chanel Chinese creators are exposing the truth... Thread🧵

1/ What used to be a thousands ? Now revealed as a Few $hundreds factory product. Same design Same Materials Same stitching Just without the logo

2/ TikTok in China is turning luxury upside down.

3/ Luxury pricing = 90% brand cost only 10% Product cost

If you're an entrepreneur , you need to know about @MeetGamma the ultimate presentation tool. It will save you hours of work See how fast turned an article into a full presentation on the "15 Global Luxury Brands"

4/ Gen Z in China no longer dreams of Hermès.

5/ Deckers only 10$

6/ Sephora

8/ why pay only for logo

9/ The “old luxury” is dying. The new luxury? Still being defined.

10/ One thing’s for sure: This direct access to factory prices can reshaped the global market forever.

I hope you enjoyed and found this thread helpful - Follow @Zoya_ai for more - Like, and share the first below post with your friends for support and Bookmark for your future reference!

Hollywood is in serious trouble.

I know some very wealthy people that need to have that label on. It’s all about the label for them. Dummies

He told Birkin 38k bag.

you might like this

I don't feel right stealing other people's designs / Intellectual property. I doubt these high end designers are going to trust these chinese manufacturers with their new designs moving forward. You will then have to like what chinese designers come up with... or the chinese will just buy one of the future new european or american designed purses and reverse engineer, again stealing intellectual property.

It's hysterical!!!🤣🤣

Yes, it's mind-blowing how much a label costs. Over $35,000 for a bag!