louis-vuitton-paris

LV Closes Paris Stores Early To Preserve Stock

Reuters is reporting that Louis Vuitton is closing its Paris store one hour early in attempt to preserve stock before the holiday shopping season begins. Apparently the brand is having supply issues and is concerned that if they sell too much now, they won’t have enough stock to fill demand during the holiday season. “We [...]

Shang Xia store Beijing

Hermes launches new brand in China

Hermes has opened its first boutique for its new brand Shang Xia — a bold strategy that highlights China’s growing importance to luxury goods companies. “We are very moved — this is like the birth of a child,” Hermes chief executive Patrick Thomas said ahead of the inauguration of the shop in Shanghai. The store, [...]

kowloon-shangri-la

Where is Shangri-La?

Luxury hotel chain Shangri-La announced that it would be coming to its namesake region in China September 9 — but is Shangri-La’s Shangri-La the real deal? The chain has broken ground on a 230-room city resort in Diqing, a city in Shangri-La country in the Chinese province of Yunnan, set to open in early 2013. [...]

francois-henri-pinault

Champagne corks popping again in luxury business

Champagne corks are popping again in the luxury business as “It” bags and expensive watches this year sell like hotcakes from Beijing to New York, signalling the turning of a page after the global financial crisis. As the owner of Gucci and Yves Saint Laurent, French luxury goods giant PPR, on Friday joined a string [...]

hilton-beijing-airport

Hilton Opens China’s First Luxury Airport Hotel

Hilton Hotels has opened the first five-star airport hotel in China, at Beijing International Airport. The luxury hotel, which is close to the airport’s newest terminal three building, will cater to the rapidly increasing number of wealthy travelers in China. It contains 322 rooms and seven restaurants and bars, along with two full-size ballrooms and [...]

harrods

Harrods in talks to open Shanghai store

Luxury department store, Harrods is currently negotiating the possibility of launching its first branch outside the UK in Shanghai’s Bund area. However, if the talks resulted in a partnership with Shanghai’s municipal government, it would take around two-and-a-half years to finalize the project. “China is the most probable [option for a foreign branch], but we [...]

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