Asia proves hip for designer wallets: global survey

The Hapag-Lloyd delegation including, Capt. Prateek Gandhi – Director Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Faheem Mir – Manager - Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Lalith Witanachchi – Vice President, Hapag-Lloyd Lanka (Pvt) Ltd, Mr. Mindaka Dassanayake – General Manager, Hapag-Lloyd Lanka (Pvt) Ltd.,Mr. Rohan Ranasinghe – Terminal Operations Manager, Hapag-Lloyd AG and Mr. Iqram Cuttilan – Managing Director, Aitken Spence Shipping Ltd poses for a pic with SLPA’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director - Eng. Ganaka Hemachandra. SLPA's Vice Chairman - Eng. Herath M.P. Jayawardhana, Director (Operations) - Mrs. G. Zavia Miskin and Director (Marketing and BD) - Mr. H J K U Kumara are also present.

SINGAPORE, June 5, 2006 (AFP) - Asians buy more designer wallets than any other region but luxury-brand loyalty varies from country to country, a global consumer survey revealed Monday.

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The survey of 21,000 Internet users in 42 countries conducted by research firm ACNielsen showed that the most popular designer brand globally is Ralph Lauren followed by Gucci, Christian Dior and DKNY.

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In Asia, Hong Kong and Japan form the largest overseas markets for Louis Vuitton, while South Koreans are the biggest buyers of Ferragamo products.

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The Philippines was the largest overseas market for Ralph Lauren.

In China, fashion-conscious buyers go for Chanel, Louis Vuitton and Versace, in that order, while in India, consumers prefer Armani and Versace.

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When it comes to future purchases, the most desired brands globally are Versace, Dior and Chanel.

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ACNielsen said Asia is the world's largest buyer of designer wallets with nine of the top 10 markets for such products located in the region, which also happens to have the biggest money savers.