Asian consumers are more than ever the center pillar of global luxury brands. Covid-19 has prompted major luxury spend repatriation to Mainland China, confronting Chinese consumers with higher prices. Digital distribution and social media continue to develop at rapid pace, with more and more deals being announced.
We would normally spend two weeks on the road, to get the finger on the pulse on the Chinese and the Asian market – talking to local brands and retailers, western executives, industry deans. We organize this year our “Asian Series“ on Zoom, hoping that we shall soon be able to travel again, and see our contacts in person.
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Global Luxury Goods
Luca Solca is the Senior Analyst at Bernstein covering European Luxury Goods. Luca re-joined Bernstein in 2019 from Exane, where he followed the European Luxury Goods sector for six years. Prior to Exane, Luca was the Director of Research at Credit Agricole Cheuvreux. Luca’s first tenure at Bernstein was as a Senior Analyst covering the European Luxury Goods and General Retail sectors from 2005 to 2011. Earlier in his career, Luca served as the Executive Vice Chairman of a publicly traded, medium-sized fashion and luxury Italian conglomerate. Luca was also a partner at the Boston Consulting Group focusing on the retail and consumer goods sectors, and a consultant at Booz Allen & Hamilton. Luca holds a BSc magna cum laude in Applied Psychology from the Università di Padova and an MBA magna cum laude from the SDA Bocconi in Milan. Luca's research has been consistently recognized by industry organizations and surveys including Extel and Institutional Investor, both in his first stint at Bernstein, in which he was top-ranked in both European Luxury Goods and General Retail, and at Exane, where he was No. 1-ranked in his sector for five years.
Melinda Hu is the Senior Analyst at Bernstein covering the Asia Consumer sector. Melinda joined Bernstein in 2018 with more than 12 years of experience in financial planning & analysis, strategy and project management across multinational consumer corporations. Most recently, Melinda was the Director of Finance and Strategy for Walmart Asia, where she led key finance and strategic projects as well as executive and external communications. Prior to Walmart, Melinda was responsible for APAC regional finance at Christian Dior Couture in Hong Kong. Earlier in her career, Melinda held various finance roles at L?real UK in both the luxury and consumer divisions. Melinda earned a BA of Commerce from the University of New South Wales, Australia and an MBA from the University of Chicago Booth.