Montblanc opens first “concept store” in China

Luxury brand Montblanc, is opening one of the worldʼs most innovative concept stores, with the launch of its four-storey interactive Boutique in Sanlitun, Beijing. This is the largest Montblanc Boutique anywhere in the world and by far the brandʼs most audacious, creative and technologically interactive concept store yet. Visitors are invited to take an audio-operated … Continued

Western brands aim for China’s ‘Dragon’ riches

It’s meant to bring riches and power befitting an emperor, but if Western luxury brands have their way the Year of the Dragon will cost their wealthy Chinese customers a fortune instead. Monday is the start of the Year of the Dragon, the most favourable and revered sign in the 12-year Chinese zodiac. The dragon … Continued

Top 10 Gifts for the Chinese Luxury Consumer 2012

Gift-giving has long been an integral part of life in mainland China and now a new survey has lifted the lid on just what it is the country’s rich have been handing out. The “Top 10 Gifts for the Chinese Luxury Consumer 2012” was compiled by Hurun Report and looked at what China’s wealthy liked … Continued

Superyacht builder Ferretti sold to Chinese company

China’s Shangong Heavy Industries has bought the Ferretti Group, taking over 75% of the Italian shipmaker’s capital. Sleekly tailored with gleaming chrome accessories and luxurious saloons, the Ferretti Group designs some of the most exclusive yachts in the nautical world. Ferretti has 8 yacht brands (Ferretti Yachts, Pershing, Itama, Bertram, Riva, Mochi Craft, CRN and … Continued

Top online resources for China’s luxury shoppers

Mainland luxury Chinese consumers are becoming increasingly open to shopping for, and finding information about, luxury brands online with news portals. Weibo is one of the most popular sources for information, according to the results of a survey released November 28 by PR group Ruder Finn Asia. The survey was conducted among 1057 Mainland Chinese … Continued

Chinese demand fuels Swiss watch success

The Swiss watch industry is in rude health with exports leaping once again last month and watchmakers set to notch up a record year thanks to Chinese consumers Despite the the effect of the global debt crisis, the demand for Swiss watches hit a peak in October, putting smiles on the faces of the country’s … Continued

Lotus opens first showroom in China

British racing marque Lotus, which produces the iconic Lotus Elise sports car, has announced the opening of its first China showroom. The company launched the new showroom earlier this month, featuring six models that have previously only been available in China through other dealers. The Elise R, Elise SC, Evora, Evora IPS, Exige S 240 … Continued

Pop-Up Mongolian Village By Shanghai Tang

They may now not have a formal home but the people at Hong Kong’s Shanghai Tang brand are still making consumers sit up and take notice. After 17 years at the Pedder Building in Central, Shanghai Tang lost the bid for the space to Abercrombie & Fitch, which will pay two and half times the … Continued

Andaz Shanghai makes debut

Hyatt brand Andaz has officially opened the Andaz Shanghai, a 28-storey landmark which adds yet another top-end property to the city’s booming luxury hotel market. The Andaz Shanghai’s 307 rooms opened to the public for the first time October 18, marking the first entry of the Andaz brand into Asia. With rooms that offer views … Continued

Horizon launches RP110 superyacht Lady Gaga

The new Horizon RP110 superyacht Lady Gaga, which is the first motor yacht above 100 feet built for the Chinese market, was launched by Horizon Yachts. The Lady Gaga motor yacht by Horizon has just successfully completed her sea trial, with delivery to her owner in China set for later this month. Horizon created a … Continued

Jimmy Choo plans huge China expansion

Jimmy Choo founder Tamara Mellon hopes to open up to 50 stores in China over the next five years in what she dubbed an “exciting” market for high-end goods. China is the world’s fastest-growing market for luxury products and an ongoing economic boom is creating new billionaires every year in a huge explosion in wealth. … Continued

China launches gold vending machine

China, already the world’s second largest bullion consumer, has installed the country’s first gold vending machine in a busy shopping district in Beijing. Shoppers in the popular Wangfujing Street can insert cash or use a bank card to withdraw gold bars or coins of various weights based on market prices. Each withdrawal is capped at … Continued

Shanghai’s young high rollers splurge on luxury

Thousands of rich Shanghai residents have turned China’s most cosmopolitan city into the luxury capital of a country that is expected to become the world’s largest market for the sector between 2012 and 2015. Shanghai topped China’s luxury market in 2010-11 with 18% of overall sales, ahead of Beijing’s 16% and the eastern city of … Continued

Old luxury handbags get new life in Hong Kong

Byron Yiu has made his fortune by turning traditional shopping habits around and re-selling rich women’s luxury handbags in Hong Kong. Yiu’s Milan Station retail chain buys trendy bags — luxury tote or shoulder bags to evening clutch — from the ladies who lunch in Hong Kong’s upscale neighbourhoods. Locally known as “tai tais”, the … Continued

China’s rich are young, single – and mostly male

They’ve become one of the world’s most influential social groups and now a little more light has been shed on the makeup of China’s rising band of rich. The HSBC corporation and international research company Nielsen have just released their findings into a survey that attempts to dissect the makeup of the richest 10 percent … Continued

Ermenegildo Zegna Celebrates 20 Years in China

Year 2011 sees Italian fashion house Ermenegildo Zegna celebrating its 20th Anniversary in China. To commemorate this occasion Ermenegildo Zegna made a special limited edition collection of just twenty pieces to mark this important milestone. The collection include watches, cufflinks, mobile phones and fabrics made in collaboration with Girard-Perregaux, Tateossian and Vertu.

Sina launches luxury online store in China

Chinese online media company Sina, mainly known for its Twitter-like Weibo microblogging service, launched Sina Luxury on Friday. The new e-store enables designers to sell their collections directly to customers. Those who have already signed up include highest-profile Western brands such as Dior, Burberry, Gucci, and Paul Smith, all “100 percent guaranteed genuine”. Sina Luxury’s … Continued

Lamborghini is expanding “its empire” in China

China looks set to claim another crown in the battle for supremacy in the luxury markets of the world as the country’s interest in supercars continues to grow. China knocked the United States off its perch as the world’s leading car market two years ago – sales there now surpass 18.26 million units per year. … Continued

Burberry to open flagship store in Hong Kong

The shopping landscape in Hong Kong is about to be expanded once again with news that luxury brand Burberry plans to open its Asian flagship store in the city. Burberry will take up residence over two floors and 21,000 square (1950 sq m) feet of space and that the new store will open in the … Continued

Prada lists on Hong Kong stock exchange

Prada hits the Hong Kong bourse on Friday, but the luxury brand may see its share price sag thanks to choppy global conditions. Concerns that Prada’s stock is overpriced, and a tax hurdle that could shrink investors’ profit, may also dampen enthusiasm for the Italian company. Prada last week reportedly sold 423.2 million shares at … Continued