China’s Most Expensive flat no longer up for sale

The Beijing government has halted sales of the most expensive luxury apartment complex in the Chinese capital and launched an investigation into the developer for possible “profiteering”. The high-end penthouse in Beijing’s Haidian district had an asking price of more than 300 million yuan (US$46.2 million), or 300,000 yuan (US$46,300). Beijing’s housing authorities on 3 … Continued

Savile Row suits making their mark in China

Whereas once they were the uniform of London’s elite movers and shakers, the legendary Savile Row cut of suit has slowly been making inroads into China. And a collection of the British capital’s finest bespoke tailors now has big plans to extend its reach across the nation. Gieves & Hawkes — founded in 1771 and … Continued

Lotus launches in China

Lotus Cars Ltd announced its official foray into China on Wednesday, seeing the huge potential from China’s surging super sports-car market. The British sports-car maker has authorized Symphony Lotus Ltd as its importer and distributor around the nation with the launch of a new logo to avoid confusion with the local Youngman brand which already … Continued

Harry Winston to open flagship store in Shanghai

Harry Winston Diamond Corp, the Canadian mining group which owns the jewelers, has this week announced plans to build a flagship store in Shanghai. And it will be hard to miss, boasting a 12-meter high façade a company spokesman says will be like a “billboard to the world, a billboard to the Chinese people.” The … Continued

Luxury shopping websites in China

You don’t have to tell the people at Prada how valuable the Chinese market for luxury goods has become — the Italian fashion icon is so keen to set up a base out East that it is about to be listed on the Hong Kong stock exchange. In fact, such has been the rush by … Continued

Louis Vuitton exhibition in Beijing

Louis Vuitton may have lost prime advertising space in China when its giant suitcase was torn down in Shanghai, but it is now wooing customers in the hallowed halls of the national museum in Beijing. The Louis Vuitton Voyages exhibition, marking the French fashion house’s 20th year in China — the world’s fastest growing market … Continued

2011 Porsche 911 Turbo S China Edition

Porsche China is celebrating their 10-year anniversary with the release of an incredible limited-edition luxury car—the Porsche 911 Turbo S. The Porsche 911 Turbo S features a stunning gold bronze metallic paint job, a 3.8-liter flat-six engine equipped with 530 horsepower and the ability to go from 0 to 62 MPH in a staggering 3.3 … Continued

“Louis Vuitton Voyages” in Beijing – Video

Louis Vuitton announces their new Louis Vuitton Voyages exhibition, which opened on May 31st at the National Museum of China in Beijing, with this animated video. The “Louis Vuitton – Voyages” exhibition retraces the crowning moments in the history of the Maison, which since 1854, has beautifully paired form with function, creating travel items that … Continued

China’s luxury consumers get their information online

As the buying power of China’s masses continues to spiral upwards, more and more information is being gathered focusing not only on what they like to spend their money on but how they go about spending it. This week it has been the turn of the international audit and advisory services firm KPMG to release … Continued

Chinese luxury consumers opt for French products

French labels are the most sought-after luxury products for Chinese shoppers as a booming economy creates a growing legion of newly affluent consumers. French brands are the top choice for mainland buyers, followed by those from Italy and Hong Kong, consultants KPMG said in their report “Luxury experiences in China”, based on a survey of … Continued

Moet Hennessy to make bubbly in China

Moet Hennessy, the wine and spirits arm of LVMH luxury group, said Thursday it was planting its first vineyard in China to produce a premium sparkling wine. The 66-hectare (163-acre) vineyard will be planted as a joint venture with the publicly-owned agricultural development firm of the Ningxia Hui autonomous region in northwestern China. The maker … Continued

Roberto Cavalli to open 85 stores in China

Roberto Cavalli said it will open 85 new stores in China within the next five years under a deal signed on Tuesday with Shanghai-based retail giant UCCAL Group. The company will open its first stores under the new deal in Beijing and Shanghai between late 2011 and early 2012, it said in a statement. The … Continued

World luxury market to grow 8%: study

Global luxury sales should grow eight percent this year to 185 billion dollars (124 billion euros) but Japan‘s market will contract. The forecast was raised from an earlier estimate of growth of between three and five percent but would still be lower than last year’s result of 12-percent growth in the luxury market, as the … Continued

Luxury carmakers see golden age in China

One of Rolls Royce boss Torsten Muller-Otvos’ most memorable auto show moments came last year in Beijing when a man walked through the crowd to the carmaker’s stand and set down a suitcase. “Millions of renminbi,” the man said of the suitcase’s contents. “Really, that was amazing. He bought a Phantom,” Muller-Otvos said. The Rolls … Continued

China gets the luxury goods – but maybe not the style

A rise in the spending power of China‘s younger consumers is apparently not helping them when it comes to picking up a little style at the same time. Mainland Chinese media have this week picked up on a report released by the Hong Kong Institute of Fashion Buying and given it a interesting spin, saying … Continued

Rolls-Royce Launch Extra-Spacious Ghost Model

Rolls-Royce unveiled its new Ghost long wheel base car for the first time at the 2011 Shanghai Motor Show. The Ghost Extended Wheelbase is designed for users who require even more room from the luxury marque’s massive Ghost sedan and is expected to be popular with the ever-increasing number of wealthy buyers in China. The … Continued

Success for Hainan Rendez-Vous 2011

After four thrilling days of exclusive parties, glamourous entertainment and intense networking, the Hainan Rendez-Vous 2011 ended last Monday leaving no doubt about its status as the region’s leading yacht show. The superyacht show, which also incorporates a business jet exhibit and displays of luxury properties and high-end brands, once again drew crowds of China’s … Continued

Burberry Beijing – Hologram Runway Show [video]

To celebrate the opening of its Beijing flagship store, Burberry staged its biggest runway show to date on April 13, at the Beijing Television Center. The fashion-meets-technology extravaganza featured Brit rockers Keane who had never before performed in the country, stunning lifelike holograms, and an impressive turnout of celebrities and top models on and off … Continued

Burberry’s Beijing show to be the brand’s biggest ever

British fashion house Burberry  is taking its runway presentations to new heights in Beijing April 13. The fashion-meets-technology extravaganza staged at the Beijing Television Center will feature British band Keane’s first performance in China, “life-like” holograms, and of course lots of coats on lots of top models. A teaser released on YouTube also states that … Continued

Prada considers Hong Kong IPO

Italian luxury goods company Prada is set to file a listing application for a Hong Kong IPO that could be worth almost $2 billion, Reuters reports. The Milan-based company, known for its colorful Miu Miu dresses and Prada handbags, planned to list in Hong Kong at the end of June. Prada would be only the … Continued