PARIS — Shares in Hermès International bumped up by the close of trading on Tuesday, following the news that British Jamaican designer Grace Wales Bonner will take the creative helm of the menswear collection. Shares ended the day up 1.4 percent on the Paris Bourse, to 2,250 euros per share. More from WWD The news of the 35-year-old’s appointment to succeed Véronique Nichanian, who has been with the house for 37 years as fashion’s longest-serving designer, was announced midday Tuesday. Nichanian announce ...

Core Viewpoint - Bettina Anderson has emerged as a style icon within the political sphere, particularly noted for her fashion choices while accompanying Donald Trump Jr. [1][9] Fashion Highlights - Anderson was seen boarding Air Force One in Scotland wearing a Carolina Herrera double-breasted plaid coat from the Fall 2024 collection, paired with a black Hermès Kelly bag and Adidas sneakers [2] - At a memorial service for Charlie Kirk, she wore a black skirt suit by Safiyaa, complemented by a bejeweled American flag brooch [3] - During the FIFA Club World Cup final, she opted for a crisp white button-down and fitted trousers from Max Mara [4] Personal Background - Bettina Anderson is a charity founder and has a family history in politics, with her grandfather having served as president of the Congressional Club [5] - She has maintained a private life despite her public relationship with Donald Trump Jr., and has not given any public interviews [5] Relationship Timeline - Anderson and Trump Jr. were first seen together in 2024 and are believed to have been living together for over a year [6] - Her fashion choices gained attention around the time of the inauguration, where she wore a Dolce & Gabbana outfit [6] Style Influence - Anderson's style is characterized by sleek, tailored silhouettes that align with the quiet luxury trend, contrasting with the more flamboyant styles of previous political figures' partners [5][9] - She continues to make appearances with Trump Jr., showcasing her fashion sense and contributing to her growing recognition as a style icon [8]

Market Overview and Consumer Transition - The Chinese luxury travel market has shown significant recovery and transformation post-pandemic, with expectations that by 2025, China will become the largest luxury market globally, contributing half of the world's luxury consumption [1][37] - In 2019, Chinese consumers spent RMB 717.6 billion (USD 98.98 billion) on overseas luxury goods, accounting for one-third of global luxury consumption [1][37] - Hainan's duty-free shopping sales reached RMB 43.76 billion (USD 6.04 billion) in 2023, but are projected to decline by 29.3% in 2024 due to the resurgence of international travel and the influence of daigou [1][38] Consumer Behavior and Digital Payment - High-net-worth outbound travelers in China spend an average of over RMB 50,000 (USD 6,900) annually on luxury goods, with 38.2% spending between RMB 50,000 and RMB 200,000 [2] - Digital payment methods are prevalent, with WeChat Pay accounting for 56% of transactions, followed by bank cards at 30% and Alipay at 6% [2] - Duty-free e-commerce platforms are enhancing user engagement through digital tools, with Alipay's mini-program achieving over RMB 100 million (USD 14.5 million) in daily sales [2] Social Media and Precision Marketing - Social media platforms like Xiaohongshu, Douyin, and WeChat significantly influence consumer purchasing decisions, with Xiaohongshu having over 300 million monthly active users [3] - Brands are leveraging data integration across platforms for targeted marketing, exemplified by Louis Vuitton's successful live-streaming event on Xiaohongshu [3] - The collaboration between a resort in Macau and payment platforms demonstrates the effectiveness of combining travel predictions with multi-screen advertising, achieving a 5.67 ROI [3] Future Trends and Emerging Opportunities - Popular travel destinations for 2025 include Japan, Thailand, Singapore, and Hong Kong, with a growing focus on experiential luxury driven by Gen Z consumers [4] - Trends such as cultural immersion, sustainable travel, and the rise of digital nomadism are emerging, indicating a shift towards unique and personalized travel experiences [4] - Brands are encouraged to utilize digital tools and local experiences to meet the demand for "experiential luxury" among high-net-worth travelers [4] Insights into High-Spending Outbound Travelers - High-spending outbound travelers are defined as those spending RMB 300,000 (USD 41,000) or more annually, primarily from tier 1 and new tier 1 cities [50] - The demographic profile shows a significant presence of millennials and Gen Z, with 40.6% born in the 1990s and 4.3% after 2000, indicating a shift towards younger consumers [69] - The average travel duration for high-spending travelers has increased, with 77.2% traveling for more than five days, reflecting a trend towards longer stays in popular destinations [66] Transportation Preferences - Air travel is the preferred mode of transportation for international journeys, with over 95% of travelers opting for flights to most destinations in 2024 [59] - The reliance on car rentals has drastically decreased, while train travel has seen a slight increase in certain locations [59][61] - The top three destinations for high-spending travelers in 2024 are Hong Kong, Tokyo, and Bangkok, all located in Asia, highlighting a regional preference [55]