French luxury handbag maker Longchamp is eyeing a huge expansion in China despite the country’s economic slowdown, its chief executive said as the firm opened a new store in Hong Kong Wednesday.
Is China suffering from bling fatigue? The central government’s attempt to rein in its high-ranking civil servants’ ostentatious displays and promote a “frugal working style” sounds like bad news to the luxe industry.
The Four Seasons hotel brand continues its expansion in China with the opening of its first property in Beijing. The opening is scheduled for September 28.
Located in the Lingmahe area of the Central Business District, the Four Seasons Beijing will be the 88th property of the brand worldwide.
Villas at ThaiHot Mansion and Courtyards by the Canal are selling at US$47 million each, making them the most expensive homes in China.
The property, developed by Beijing Taihe Real Estate Development Co., is located in the suburbs of eastern Beijing.
Fifty units in the property are available for sale, of which 12 villas are advertised at more than US$47 million each. The cheapest unit is priced at US$4.7 million.
Bulgari Hotels & Resorts will open a new hotel in Shanghai in 2015, announced Bulgari China on its Sina Weibo microblog Thursday.
The new hotel, to be located in a riverside complex in the artistic district of Suhe Creek, will be the fourth for the luxury hospitality group, a joint venture between Italian jeweler Bulgari and Marriott International.
The poll by market research firm Ipsos found that Chinese buyers preferred to shop on the mainland for luxury goods in five of its seven categories — watches, cosmetics, clothes, shoes, and wines and cigars.
While much has been made of China’s ever-growing appetite for luxury items, a new report suggests that more than ever it is the nation’s children who are being pampered with goods from the world’s elite brands.
The Hong Kong-based consultancy Albatross Global Solutions claims that 60 percent of a group of 900 Chinese consumers surveyed said they spent more than 3,000 yuan ($470) per month on luxury items for their children, up from the previous year’s 40 percent who had said the same.
Chinese consumers will be the leading buyers of luxury goods brands by 2015, snapping up pricy items at home and abroad, according to a study published Tuesday by the Boston Consulting Group.
“We predict that by 2020, more than 330 cities in China will have the same level of disposable income that Shanghai had in 2010, and that by 2015, China will become the world’s largest luxury market,” the BCG said.
British fashion label Paul Smith is planning to open 24 stores in China over the next five years in its second attempt at tapping the country’s booming luxury market.
As sales of private jets increase in China, interior design companies are looking to cash in.
From bedrooms fit for a prince, to jacuzzis, bars, small theaters, stereo systems and hookups for iPads, interior designs for private jets are taking off in China.
As sales of private jets grow in an emerging market, a small group of interior design companies are beginning to reel in more and more Chinese buyers.
Chinese actress Li Bingbing joins Princess of Monaco Charlotte Casiraghi on the list of celebrity models for Gucci. Li will be the face of the luxury label’s accessories ad campaign dedicated to the House’s handbags, fine jewelry, and timepieces.
Conceived by Creative Director Frida Giannini, the portraits, shot in London by Sølve Sundsbø, evoke a strong yet minimal aesthetic true to Gucci’s codes of luxury.
A few years ago, British engineering firm Atkins won the rights to design an extravagant hotel deep within a 100-metre pit in Shanghai‘s Songjiang District.
To mark the anniversary of the sale of the first Ferrari in China – a Ferrari 348 TS ordered by a Beijing customer – Ferrari is opening an exhibition at the Italia Center in the Shanghai World Expo Park and releasing a China-only limited edition 458 Italia.
Covering 900 square metres the Ferrari Exhibition will last for three years and will feature some of the best collections from the Maranello Museum divided into five topics, including Ferrari in China, Green Technology, Product, Design and Racing.
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The limited edition 458 Italia will sport an exclusive new colour called Marco Polo Red, specially developed for this car.
The most eye-catching element of the car’s exterior is the golden dragon on the front bonnet, which is offset by gold and black livery stripes symbolising a racing track.
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Each of the 20 cars also sport a ‘20th Anniversary Special Edition’ plaque is set into the dash. No word on the pricing yet.
This 458 Dragon is the second China-only Ferrari, the first one was the porcelain-painted Ferrari 599, only one was made and sold for 1.77 million dollar.
The new St. Regis Tianjin has launched its Presidential Suite, Tianjin’s largest luxury hotel suite with “extraordinary amenities, unparalleled views and uncompromising service”, according to the Starwood property.
The 450-square-meter Presidential Suite features a 70-square-meter master bedroom with a signature St. Regis king-sized bed, separate seating area, 55” flat screen HDTV and walk-in closet.
The master bathroom has his and her marble showers and vanities, a deep bathtub whirlpool, and a dry sauna, while the guest bedroom features a king-sized bed and a 46” flat screen TV.
The third annual Hainan Rendez-Vous, China’s leading superyacht and business jet show, will be held on the 5th-8th of April 2012.
The show is becoming a landmark event for China’s affluent and influential decision makers providing them with a platform for top level communication and collaboration.
InterContinental Hotels (IHG), the world’s largest hotel chain, has announced the launch of a long-awaited new brand for the Chinese market.
The new chain will be called Hualuxe Hotels and Resorts and is expected to divide its efforts between operating in cities and popular resorts within China — although IHG said that the brand will open in other major cities outside of the country.
While Hualuxe is expected to share many of the characteristics of IHG-owned brands such as Crowne Plaza and Holiday Inn, several modifications have been made to cater for Chinese travelers, of which there are expected to be 3.3 billion by 2015.
It is the Year of the Water Dragon in China, and the leviathans will celebrate their reign at the upcoming Hainan Rendez-Vous boat show.
Ocean giants present at the event will include more than ten 40+ metre vessels among a fleet of 130 yachts.
In preparation for the 2012 edition, organisers have significantly expanded the show exhibition area through the use of five special purpose barges.