china_yuan

China’s mainland has over 875,000 multimillionaires

The Hurun Research Institute published the 2010 Hurun Wealth Report today for the second consecutive year. The report analyses the number and distribution of China’s wealthy across the nation’s major cities and provinces. The report shows that there are 875,000 people with more than RMB 10million (EUR 1.1M / USD 1.47M) in China today, an [...]

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Armani Dolci’s Chocolate Easter Eggs

This Easter, Giorgio Armani’s 5th Avenue flagship will be selling Armani Dolci branded chocolate eggs for your most discerning friends and family. The dark, milk, or white chocolate eggs come in two sizes, all stamped with a giant “A and come gift wrapped in a blue box tied with a fuchsia ribbon. The chocolates are [...]

takashimaya-fifth-avenue

Takashimaya to Close Fifth Avenue Store

Japanese retailer Takashimaya plans to close its New York flagship this June, according to Crainsnewyork.com. Located at 693 Fifth Ave., between East 54th and East 55th streets, the store has been at the building, which the company owns and plans to sell, since 1993. The multi-level store has shopping in categories including women’s and men’s [...]

william-koch

Christie’s sued in counterfeit wine case

A Palm Beach billionaire has uncorked a suit charging Christie’s auction house is in cahoots with counterfeit wine sellers. William Koch is still steaming about four bottles of wine supposedly owned by Thomas Jefferson that he bought for more than $300,000, which allegedly turned out to be fakes. He’s already sued the seller – and [...]

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First look at Madonna For D&G Sunglasses

Pop queen Madonna and Italian fashionistos Dolce & Gabbana have joined forces on a new collection of sunglasses called MDG. Domenico Dolce and Stefano Gabbana sketched more than 50 styles of shades and Madonna picked out six pairs for the collection. They will come bearing prominent MDG logos, with an “M” made from little stars [...]

hong-kong-louis-vuitton-queue

Video: China’s love for luxury

CNN posted an interesting video today about the growing number of mainland Chinese shoppers flocking to Hong Kong to buy luxury goods, much to the enjoyment of Hong Kong retailers and international luxury brands alike.

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