Where are Your Handbags Come from?

Prada has come to Hongkong market 24th, June this year. And the price is between 36.5 to 48Hongkong dollar. As there is great comsumer potentials in China, now many big brand set a goal atHongkong and mainland China market. According to the report of Goldmansachs, Chinese luxury industry is running well and Chinese has spent 6.5 billion dollars in luxury products. And the increases of expenses in luxury industry in China has hit the top in Golobal range for three years. And American Coach handbag is also planning to come to Hongkong market in the near future.

Goldmansachs, as the stockmarket underwriter, has to provide risk assesement to their investors. In Goldmansachs report, 80% Prada’s products have been subcontracted to OEM companies and made by companies in other countries. These companies includes some in Guangdong, China. “Made in China” is still sensitive to thoes most famous brands.CEO of Prada Patrizio Bertelli also pronouce creatively that no matter where Prada’s products have been produced, any country, all products should be tagged “Made by Prada”.

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