Est. June 12th 2009 / Desde 12 de Junho de 2009

A daily stopover, where Time is written. A blog of Todo o Tempo do Mundo © / All a World on Time © universe. Apeadeiro onde o Tempo se escreve, diariamente. Um blog do universo Todo o Tempo do Mundo © All a World on Time ©)

quinta-feira, 13 de setembro de 2012

Agenda - Cimeira sobre luxo discute potencial de África


Pelo quarto ano consecutivo, a Luxury Society é parceira do International Herald Tribune em mais uma cimeira sobre o Luxo. Desta vez, em Roma, a 15 e 16 de Novembro, será especialmente debatido o potencial do continente africano bem como o impacto do investimento chinês no continente.

Para saber mais, vá aqui.

Entrevista a uma das organizadoras, Suzy Menkes:

This year's summit will explore the potential of Africa as a luxury consumer and producer. Why is it particularly timely to bring Africa into the luxury conversation?
There are two reasons why ''Africa'' and ''luxury'' should appear in the same sentence. The first is a new vision of what luxury means in the 21st century. Consumers, particularly in the Western hemisphere, are beginning to prize objects touched by human hands – and the hand work in Africa is exceptional.
From the work that the Tuaregs have done for Hermes to the bags that are created in Kenya for Ilaria Fendi and for Stella McCartney and Vivienne Westwood, African hands make artistic pieces, often with the added bonus of being sustainable and also ethical.
But Africa is not all about local handwork. Nor is it, thankfully, only about warring states across the vast continent. The countries where the political situation is stable have a prosperous and growing middle class.
I have been surprised to find from Morocco to Nigeria, shopping malls designed to serve an increasingly eager number of serious shoppers. Although the brands currently available tend to be mid-level, at this pace of growth, the top luxury brands will be established in many parts of Africa in the next seven – 10 years.

Outside of South Africa, what are some of the most exciting emerging locations for luxury in Africa? And why?
I think it is important to count South Africa in this luxury equation. After all, the diamond mines of that area are major suppliers to the world's high jewellers. And indigenous creatures – such as the ostrich – also provide fine skins for accessories. (And this is not to mention the shopping malls that have opened in Johannesburg and Cape Town.)
When I was in Nairobi, I was intrigued to find that the shopping malls tend to be run by Indians. Just as it is known that across the country, the Chinese are major investors. Perhaps all this criss-crossing of different cultures shows up most in Lagos, where there is such a vibrant and enthusiastic explosion of fashion. I have not yet visited Ghana, but I am told that is also a hub of activity.
I do not want to exaggerate the current potential of luxury across the whole of Africa. It is just that, while the industry has focused on Greater China, I believe it has ignored the area South of the Mediterranean. In spite of the political turmoil, Egypt and Turkey also offer potential, as do the Magreb countries of Morocco and Tunisia.

What are some barriers to entry, specific to Africa, that luxury brands should be aware of when entering the market?
I have the good fortune to be a journalist – not a retailer. I am told that the corruption that seems endemic to all emerging markets is a major problem – although I have not had any specific details related to me. Two retailers spoke to me off the record about safety, saying that 24 hour protection is needed in some cities because of the violence.
However, I visited a number of independent retailers in Cape Town who were selling from stores in the city centre and were apparently able to build up a local clientele. As I understand it, taxes vary between countries, as do the problems of corruption. It must be essential to have a business partner who really knows the district, its opportunities and pitfalls.

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