Tag Archives: China luxury

Shanghai Tang Spring Summer 2014 Campaign

Shanghai Tang debuts a new campaign for its splendid Spring/Summer 2014 collections against the backdrop of a luxurious white villa in the hills.

Shanghai Tang Spring Summer 2014 Campaign

The contrasting colours of picturesque environment accentuate the story of a jet-setting couple on a sophisticated summer vacation.

Shanghai Tang Spring Summer 2014 Campaign

The eroded cliffs, luscious plants and gleaming white architecture provide the perfect setting for Shanghai Tang’s latest collection, resonating with its sheen textures, refined tropical print and bold contours.

Shanghai Tang Spring Summer 2014 Campaign

Inspired by the golden age of Hollywood, the campaign features Chinese supermodels Bonnie Chen and Zhao Lei with perfect styling and vivid lighting.

Shanghai Tang Spring Summer 2014 Campaign

Through the lens of photographer Richard Bernardin, they bring to life the elusive glamour and sophistication of modern Chinese aesthetic with Shanghai Tang’s collections for Spring/Summer 2014.

Shanghai Tang Spring Summer 2014 Campaign

The Spring/Summer 2014 collection will be available at all Shanghai Tang Boutique outlets in Hong Kong from February 2014 onwards.

Find out more about this year’s campaign: www.shanghaitang.com

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chinese yuans

Top luxury brands for China’s millionaires revealed

China’s super-rich might have cut back on spending by 15% last year, but the country has not lost its appetite for luxury brands.

chinese yuans

According to the Hurun Report Chinese Luxury Consumer Survey 2014, Chinese millionaires prefer to wear Cartier jewelry, Patek Philippe watches and Hermès accessories, while the wardrobes of the wealthy are stocked with Armani outfits for the men and Chanel for the women. Burberry was the children’s clothing brand of choice among the privileged demographic.

When it came to choosing a car, the Rolls Royce Phantom and the Mercedes-Benz S-class are the top choices for executive vehicles, while the Audi Q7 and the Land Rover Range Rover are deemed the best SUVs.

Top sports cars are the BMW M3 and the Porsche 911 Carrera, and the most popular ‘roadster’ is the Mercedes SLK.

Around 40% of the super-rich now own a yacht — a 10% increase since last year. The favorite brand is Ferretti. Meanwhile Gulfstream, the Embraer Legacy 650 and the Dassault Falcon 7x are the most popular business jets.

Chinese millionaires are most likely to drink Royal Salute whisky, Martell or Hennessy Cognac XO, although Macallan is the single malt whisky of choice and Louis XIII is the most popular imported spirit.

Moutai is the Chinese spirit of choice amongst luxury consumers. When it comes to champagne they’ll take a glass of Perrier-Jouët over Moët, and smokers will opt for a Chunghwa cigarette or a Davidoff cigar.

The top choice of private members’ club is the Chang’an Club in Beijing and the preferred luxury hotel brand is the Shangri-La. When flying business or first class, the country’s millionaires chose Air China for domestic trips and Singapore Airlines for international travel.

The Hurun report surveyed 393 mainland Chinese millionaires between June and December 2013 with a wealth of RMB 10 million or more ($1.6 million).

Gold Coast Queensland

TOP 10 tourist destinations for China’s millionaires

Australia has become the international luxury destination of choice for wealthy Chinese tourists, according to a recent report.

Gold Coast Queensland

The tenth annual edition of the Hurun Report Chinese Luxury Consumer Survey 2014 has revealed that France has been knocked off the top spot and into second place for the first time in three years by the Australasian country. Meanwhile, luxury destination Dubai jumped from eighth place last year to become the third favorite holiday spot.

The USA and Singapore, ranked second and third favorite luxury destinations last year, have fallen to sixth and ninth places respectively, while the UK is no longer in the top ten. Japan and New Zealand are becoming increasingly popular, reaching seventh and tenth place respectively.

When it comes to ‘staycationing’, China’s wealthiest tourists continue to prefer to stay in Sanya, a coastal town in Hainan Province, followed by Hong Kong. Tibet, Yunnan and Macau make up the top five, with Macau becoming particularly popular with the nation’s elite super-rich circle.

Galeries Lafayette returns to China after 15 years

 Galeries Lafayette China

France’s luxury department store Galeries Lafayette Friday launched a new shop in Beijing, seeking to tempt China with the “art of French living”, 15 years after a failed attempt.

The entrance to the 47,000-square metre (506-square foot), six-storey shop, intended as bridgehead in the world’s second-largest economy, is emblazoned with an Eiffel Tower.

The name the store has chosen as its Chinese transliteration — “Laofoye” — was historically a title of respect for the mother of the emperor during the Qing Dynasty.

Galeries Lafayette is targeting China’s middle class, with the economy the fastest-growing in the G20 and demand for luxury goods rising, despite a knock from a government crackdown on corruption.

The chain’s showpiece outlet on Paris’ Boulevard Haussmann is a top target for Chinese tourists visiting France — their favourite European destination — and the Beijing version includes a reproduction of its trademark glass dome, made up of LEDs.

With oak floors and distinctive French-style mouldings, the Beijing version looks to distinguish itself from the Chinese capital’s many malls and offers “a whole range of products with prices going from accessible to premium”, Philippe Houze, chairman of the Galeries Lafayette group, told reporters.

“Above all, we are a fashion retailer, and we want to reach customers who are not necessarily hugely rich, as well as fashionistas and the wealthy,” he added.

Its first attempt at establishing itself in the Chinese capital, a franchised outlet, opened in 1996 but closed less than two years later.

Galeries Lafayette has invested 42 million euros in the new joint venture with Hong Kong fashion distributor IT, and they are aiming to open around 15 outlets in China. The Beijing store is Galeries Lafayette’s fifth shop outside France, following Berlin, Casablanca, Dubai, and Jakarta.

Galeries Lafayette beijing

shenzhen

Mandarin Oriental to open luxury hotel in Shenzhen

shenzhen

Mandarin Oriental has chosen mainland China’s Shenzhen, a popular shopping destination located just across the border from Hong Kong, as the site of its new hotel.

Scheduled to open in about three years’ time in a 400-meter tower near downtown Shenzhen, the hotel will offer 190 rooms and suites. Among the facilities planned are a rooftop restaurant and bar and a 1,600 square meter spa offering traditional Chinese beauty and relaxation treatments.

The new hotel will not be the first in China to offer luxury accommodations among the clouds. The Jin Jiang Hotel, for one, welcomes guests atop the 632-meter Shanghai Tower, China’s tallest high-rise.

The high-end Mandarin Oriental hotel is part of a large-scale development project for the Shum Yip’s Upper Hills area, which will be home to office buildings as well as new apartments and retail outlets.

There are already three Mandarin Oriental hotels in nearby Hong Kong, including the group’s very first establishment. The brand has a strong presence throughout the rest of Asia as well, with hotels in China, Malaysia, Indonesia, Thailand, the Philippines, Singapore and Japan.

Blancpain flagship store Shanghai

Blancpain opens its largest ever boutique in Shanghai

Blancpain Shanghai

Luxury Swiss watchmaker Blancpain – owned by Swatch Group – has opened its largest boutique in the world, in the Xintiandi district of Shanghai, China. The store is the brand’s eighth in China.

Xintiandi is one of Shanghai’s most popular districts, a place where people love to stroll along the open streets lined with boutiques as well as cafés and restaurants with terraces.

Blancpain flagship store Shanghai

The 600 square-metre Xintiandi flagship, spread over two floors, presents the brand’s finest creations and for the first time offers a range of additional services.

Blancpain store Shanghai

The new boutique offers an integrated customer service centre as well as a lounge bar where traditionnal Swiss-made foods can be enjoyed on the terrace overlooking the Xintiandi district.

Blancpain store Shanghai lounge bar

China May Start Taxing More Luxury Goods

burberry accessories China

China may start levying taxes on an increasing number of luxury goods as part of the country’s efforts to push forward economic reform.

More products might be taxed, as part of the country’s tax reform plans for this year, said Kong Jingyuan, a director-general at the National Development and Reform Commission.

The guidelines for tax reforms were published by the Central Government on Friday.

In the guideline, the NDRC pledged to “properly modify the rate and scope of consumption taxes”. According to Kong, the changes will be carried out both in terms of rates and structures.

Taking into consideration the increasing national income levels, some products that used to be regarded as luxury goods are now seen as daily necessities and thus will not be taxed as luxury products, he said.

In addition, he said, some goods that have become more common in recent years, such as luxury cars and yachts, will be subject to luxury taxes.

Heavier consumption taxes will also be levied on “heavy-polluting and excessive-energy consuming products”, according to the guideline.

An earlier report by China National Radio said that a 20 percent extra tax will be levied on cars priced at more than 1.7 million yuan ($277,440).

China’s luxury-goods market is likely to grow by a world-leading 20 percent this year, accounting for more than a quarter of global luxury sales.

Source chinadaily

China Duty Free Group

China to open ‘world’s largest duty free complex’

China Duty Free Group

The popular Chinese holiday destination of Sanya is set to boast the world’s largest duty free complex, according to reports.

Sanya, on the island of Hainan in the South China Sea, is the southernmost city in China and a booming holiday destination for Chinese tourists, boasting an ever-growing number of resorts aimed at both Chinese and international tourists.

Now, it will also be home to the world’s largest duty free offering, some 350,000 square meters of duty-free retail space. Phase one of the two-stage project is due to open next year.

Situated in Haitang Bay, Hainan International Duty Free City will feature a massive retail complex, a luxury brand exhibition area, a designer hotel and a major food and beverage area,.

Hainan province became in 2011 a duty free area for both domestic and international tourists, a bid to make it more competitive with neighboring Hong Kong.

The province currently has two duty-free shops. One is located in the provincial capital of Haikou, and the other is in the resort city of Sanya.

Sanya Beach

General Motors to Build Cadillac Plant in China

Cadillac SRX Shanghai

US auto giant General Motors will build a $1.3 billion Cadillac plant in Shanghai after China approved the project, it said Tuesday as it seeks more luxury sales in the world’s biggest car market.

Construction of the plant — which will have annual capacity of 150,000 vehicles — will start in June, GM said in a statement.

The factory, the first in China dedicated to making Cadillacs, will come under Shanghai GM, a joint venture with China’s SAIC Motor.

“Shanghai GM has received the NDRC’s (National Development and Reform Commission’s) approval to build a Cadillac plant,” the statement said.

The huge investment marks a bet that GM, the largest US auto maker, will be able to win a larger piece of China’s rapidly-growing luxury vehicle market, in which German brands hold a 80 percent share.

Analysts say GM is a laggard in the segment, one of China’s fastest growing and most profitable given rising incomes in the country.

“GM needs to build a relatively high-end brand in China in order to improve its overall product line,” said Jia Xinguang, managing director of industry group the China Automobile Dealers Association.

“It also sees the growth potential in China’s high-end car market, so the establishment of the plant will allow it to enter the market and win a bigger share,” he told AFP.

China’s luxury car sector is dominated by German automakers such as Audi, BMW, Mercedes-Benz and Volkswagen though other European, Japanese and US brands are bringing greater competition.

China’s market for what the industry calls “premium” cars — costing from $32,000 to $190,000 — was 1.25 million vehicles last year, second only to the United States, according to consultancy McKinsey.

Premium car sales in China grew at an average 36 percent a year in the last decade, though that would slow to an annual 12 percent through 2020, McKinsey said in a report in March.

GM launched a Cadillac sedan, the XTS, in China earlier this year as it seeks to make inroads into the sector. That vehicle, priced from $56,800 to $92,500, is produced in China.

The firm plans to introduce one new Cadillac model a year through 2016 to boost annual sales of the marque from around 30,000 vehicles last year to 100,000 by 2015, a GM official said last month.

In the first four months of this year, GM sold 11,571 Cadillacs in China, according to figures previously released by the company.

“Our longer-term goal is to take Cadillac’s share of the luxury car market to 10 percent by 2020,” GM China president Bob Socia said.

Speaking on the sidelines of the Shanghai auto show, Socia also played down concerns of production overcapacity in China, saying GM plans to add four more plants by 2015 to meet demand.

GM has 12 joint ventures in China, producing passenger vehicles, commercial vehicles and light trucks with Chinese partners. Its total China sales for all types of vehicles rose 11.3 percent last year to a record 2.84 million units.

Dior Fashion show Spring 2013

Dior hits Shanghai for haute couture show

Dior Fashion show Spring 2013

Famed French luxury brand Christian Dior is set to re-stage its Spring 2013 haute couture show for buyers and press in Shanghai, China on March 30.

For the first time since Belgian designer Raf Simons took over as creative director, the brand will be returning to mainland China and the country’s couture customers will be hurriedly booking appointments in the days following the show to place their orders.

The move isn’t a particular suprise: back in January Christian Dior CEO Sidney Toledano noted that China was the “big market of tomorrow” as the brand looks to expand its haute couture client base.

vera wang wedding dress photo

Vera Wang cancels fitting fees following criticism

vera wang wedding dress

From Wednesday onwards, customers at the American designer’s Shanghai bridal store will no longer have to stump up a 3,000 yuan (nearly $500 US) non-refundable deposit to try on wedding gowns.

Earlier this month reports first emerged that Vera Wang’s Chinese store was practicing an unusual (and country-specific) new policy for its bridal customers: a ‘trying fee’, payable in advance, that secured a 90-minute session with the gowns. The 3,000 yuan charge would be deducted from the final cost of the dress, or could be used as store credit on other Vera Wang items, but would otherwise be lost.

After news of the charges hit the media this week, negative press began to build. Wednesday, in an email to the Reuters news agency, a spokesperson for Vera Wang announced the end of the policy:

“Please kindly be informed that Vera Wang has abolished appointment fees at her bridal salons worldwide starting from March 27, 2013”.

The policy was apparently designed to deter counterfeiters from producing copies of the brand’s pieces, which regularly appear on the Taobao site, China’s largest online marketplace.

The ‘trying fee’ is a feature of some Hong Kong-based retailers, but has not been seen in mainland China, and was not applied at any of Vera Wang’s other global locations.

vera wang wedding dress photo

Vera Wang charges $500 to try on dress in China

vera wang wedding dresses

A store policy in the Shanghai bridal boutique of Chinese-American designer Vera Wang, which sees potential clients charged 3,000 yuan ($482) to try on a dress, has prompted accusations of bias.

The amount is payable in advance in order to book a 90-minute appointment at the store. The non-refundable deposit is deducted from the eventual cost of the gown but if a customer chooses not to buy one of the brand’s wedding dresses, then “the fee can be used toward other items in the store.”

There’s some upset that Wang’s Chinese customers are being treated differently to her clients elsewhere around the world. While the practice of ‘trying fees’ has been present in a number of Hong Kong stores, it’s a new trend for a global brand, and the first time that Wang’s bridal customers have been asked to set down deposits before even trying on a piece.

The brand explains the move as an attempt to “protect the copyright of the designer”. The Vera Wang release “also states that customers will be barred from taking photos or filming at the store.”

vera wang wedding dress

Shang Xia store Beijing

A look inside the new Shang Xia store in Beijing

Shang Xia store Beijing

Shang Xia, meaning “up” and “down”, recently opened a second store in China, with a boutique in Beijing’s China World Mall.

The Chinese brand, established in 2008, is attempting to build a domestic luxury label in a modern Chinese aesthetic, and has added to its presence in Shanghai with a new store in Beijing.
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