The CEO Magazine Asia – July 2019

(Nandana) #1
theceomagazine.com | 185

western brands court his attention, and now pay
for his aesthetic input to create a Mr Bags limited
edition of one of their styles.
We are talking on the terrace, and even a hot
sunny day is not enough to make this most
leveraged of fashion junkies unshoulder-robe his
Chanel jacket. He employs 17 people and, with his
assorted revenue streams, is likely to be pulling
down a seven-figure sum per annum, though won’t
be drawn on figures. (“I didn’t do it originally to
make money. When I started it was a hobby.”)
Given that McKinsey’s latest report predicts that
Chinese consumers are set to spend about US$180
billion on luxury goods by 2025, it’s no surprise
someone like Mr Bags holds such traction.
It’s his brand collaborations that most clearly
demonstrate his pulling power. Givenchy sold
£150,000 (US$189,000) worth of his baby-pink take
on its Horizon bag in 12 minutes in the run-up to
Valentine’s Day in 2017. Longchamp and Tod’s both
worked with him on canine-inspired styles for 2018,
the Year of the Dog. The former’s is decorated with
what Tao calls – in a rare lapse of his excellent

U


nless you are a serious handbag
aficionado, I imagine I will have to fill
you in on who, and indeed what, Mr Bags
is. Because Tao Liang, his real name,
is a “what”: a cultural/consumer phenomenon in
the guise of a 27-year-old blogger on the topic of,
you guessed it, handbags.
I am in the VIP shopping penthouse at Galeries
Lafayette in Paris to meet someone who calls
himself, entirely without irony, Mr Bags. And who,
again without irony, says things like “the minibag
is super-big in China”.
Although you may need him explained, his six
million followers on Weibo – China’s answer to
Twitter – are so intimately acquainted with all that
he does and represents that they have their own
collective noun: “Bagfans”.
“I have this innate brain power or something,”
this charming man-child tells me. “I know when
I look at a bag whether it’s going to be successful
in the Chinese market.” He keeps his followers
abreast of which bags are the best for them, and
they listen – and then spend – in droves. No wonder

Mr


Bags


MEETING


TAO LIANG’S SO-CALLED BAGFANS – SIX MILLION OF THEM –
HANG ON HIS EVERY WORD. WE MEET THE 27-YEAR-OLD KING
OF LUXURY ARM CANDY.

WORDS ANNA MURPHY / THE TIMES MAGAZINE / THE INTERVIEW PEOPLE

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