Taiwan needs to reinvent itself, and one potential solution is to develop a luxury goods market that is the envy of the region. This is part of a 6-part feature story on luxury goods in Taiwan: Aiming to be Asia’s Luxury Shopping Destination From Bags to Riches The Jewelry in Taiwan’s Crown Luxury Watches: More…
Liuligongfang is one of the very few Taiwan companies with the necessary cultural heft to become a luxury brand. It is little wonder that Taiwan, as a relatively recent arrival to the international high-end consumption market, does not really have a major luxury brand to call its own. Few countries do, in fact. According to…
Why settle for less when you can have more, appears to be the Gloria Hotel Group’s business model as it expands its footprint. One of the reasons why Taiwan is more a business-class rather than first-class destination for luxury goods is that apart from buying things, there is little else for international men or women…
If you thought luxury timepieces have had their day, think again. The watch you wear says a lot about you. There was a time when Taiwan was famed for producing fake Rolex watches. They were so good it was hard to tell them apart from the real thing – though being sold in a night…
Precious metals and gems are even more valuable if presented in an elegant design that has artistic and emotional appeal. A surefire hedge against low interest rates, inflation, or economic meltdowns, precious metals and stones have never gone out of fashion as a form of investment. While the customer may pay a premium for a…
The story of Ever Rich Duty Free Shop Corp. Chairman Simon Chiang neatly encapsulates the changing fortunes of Taiwan’s luxury goods market, particularly when it comes to bags and leather goods. Born to a poor, farming family in the South, the young Chiang was sent off to Taipei by his mother to learn a craft,…
Once the domain of small, independent dealers, the secondhand market is being transformed as major auto companies offer “certified pre-owned” cars. By Philip Liu Major automotive companies in Taiwan have been vigorously moving into the used-car market – mainly for sales of their own brands – in an effort to tap the huge business potential…
Besides diesel trucks with lower pollution, locally produced electric buses are making an appearance on the market. By Philip Liu In recent years the major international makers of commercial vehicles, led by Japanese brands, have been scrambling to introduce environmentally friendly models in the Taiwan market. They are seeking to tap the substantial demand arising…
New models are appealing to a wider range of customers, bringing strong growth. By Don Shapiro “A good economy, good market, and good exchange rates” is the way Edward Butler, the marketing director for Audi Taiwan, sums up the reasons why the premium segment of Taiwan’s car market is growing at an even faster clip…
Domestic sales this year will exceed 400,000 units, with another 100,000 for export. By Timothy Ferry With over 380,000 vehicles sold in the first 11 months, Taiwan this year seems sure to record its biggest year in car sales in about a decade. Toward year-end, sales are somewhat lower than average as consumers have been…
