China opening up Hainan Island to the world

The marketing spin has been that Hainan Island is the “Hawaii of China” but up until the past 12 months the reality has not quite matched the hype. Times, though, are fast changing on China’s southernmost territory with the local government this year adding duty-free shopping and opening up its pristine waters to the international … Continued

Plug-in hybrid BMW to be unveiled in China

BMW is to launch a plug-in hybrid model in China next month, designed specifically for the Chinese market, it has emerged. The company’s boss Norbert Reithofer said recently that the new “new energy vehicle” model would be based on the 5-Series and unveiled at Auto Shanghai, describing it as “our e-car from China for China.” … Continued

Beijing targets luxury ads amid wealth gap

Beijing has banned outdoor advertising that promotes high-end lifestyles as the government seeks to ease public concerns about the country’s widening wealth gap. Businesses Have been given an April 15 deadline to rectify such ads, along with any that excessively promote “foreign” things. It gave no details on which “foreign” things were deemed objectionable. Such … Continued

Western luxe brands turn to China’s Twitter, Weibo

Louis Vuitton, Chanel, Gucci, and Burberry are testing the Chinese microblogging service Weibo to research their most promising market of the future from the inside. The platform, which grows at 10 million users per month, has been attracting an elite of Western luxe brands over the past month, testing ideas for campaigns or other projects … Continued

China may double luxury sales by 2015

China’s luxury spending may more than double by 2015, surpassing Japan to become the world’s largest market for branded goods, according to McKinsey & Co. Sales of luxury items in China, including clothes, handbags, watches and fine jewelry, are expected to increase to about 180 billion yuan in 2015. The 2015 estimate would be equivalent … Continued

China’s middle class stampede for luxury handbags

It could be a queue for a pop concert, a top nightclub or even the opening night at the theatre. But the hundreds of people lined up in a Hong Kong street are actually waiting to bag a bit of luxury. “We’re looking for new handbags,” says student Celeste Law as she queues patiently alongside … Continued

China shifting to no-logo luxury

The tastes of China’s wealthy are shifting away from designer goods with flashy logos to more understated luxury brands, the chief executive of French fashion house Chloe said Friday. That shift has helped Chloe become one of the Swiss luxury goods company Richemont Group‘s fastest-growing labels in China, its CEO said. “China has been very … Continued

Luxury watchmakers follow the money to Asia

A measure of any Asian businessman is the time he keeps and, far more importantly, the watch he wears to mark it. A handshake can be soft or firm but will likely soon be followed by a glance to the wrist to see the watch wrapped around it, especially in China. A heavy slab of … Continued

China biggest luxury goods market by 2020

China will be the world’s biggest luxury goods market by 2020 as its economy booms and an emerging middle class spends a growing chunk of their cash on high-end items. Over the next decade, Chinese consumers — including a surging number of billionaires — will account for 44 percent of global spending on goods such … Continued

Givenchy Couture Casts All Asian Models

French fashion label Givenchy showed its haute couture collection exclusively on Asian models, demonstrating to what extent Asia has moved to fashion’s forefront. Inspired by Japanese Butoh dancer Kazuo Ohn, the lightweight dresses featured clear Asian style elements such as structural shapes, warrior-inspired headgear by Philip Treacy, and folding techniques. Declared “works of art” by … Continued

Prada latest label to target booming China market

Miuccia Prada has already won plaudits for her spring/summer 2011 collection — simply-cut dresses and suits in a quirky mix of stripes and solids, with bold splashes of orange, violet and electric blue. But by displaying the clothes on a runway in Beijing on Saturday evening, her first catwalk show outside Europe, and adding a … Continued

French Business School Offers Luxury Degree in China

The phrase “made in China,” once anathema to luxury brands for its suggestion of counterfeiting, is acquiring new meaning in the context of professional education. Beginning in September of 2011, Skema Business School , which is among the largest of France’s Grandes Écoles, will offer the degree of master of science in luxury and fashion … Continued

2011 Hurun Best of the Best Awards

Luxury-brand awareness is growing among China’s super rich, who recognize 20% more of the lavish brands than they did last year, according to the Hurun Report. The 2011 Best of The Best Survey, which interviewed 401 Chinese mainland millionaires, each with assets of more than 10 million yuan ($1.5 million), said the super rich in … Continued

New luxury watches brand, The Chinese Timekeeper

The Chinese Timekeeper (CTK), a new luxury watch brand, has launched its first collection of exclusive mechanical timepieces. The Hong Kong luxury house carries on China’s fine watchmaking tradition with its unconventional timepieces crafted in China. CTK draws inspiration from the ancient scholar Su Song’s work. Su Song was a renowned Chinese astronomer of the … Continued

China plans $1.3bn ‘seven-star hotel’

Beijing authorities plan to build a “seven-star hotel” modelled after Dubai’s Burj Khalifa – the world’s tallest building – in a $1.3 billion joint project with Saudi Arabia. The hotel will be erected in western Beijing‘s Mentougou district some 30 kilometres (18 miles) from the Chinese capital’s centre. The Saudi side is expected to foot … Continued

China opens skies to private air transport

After years of waiting for China to lift heavy restrictions on airspace, wealthy travellers and aircraft manufacturers have reason to celebrate — the country’s skies are opening up to private flights. The makers of helicopters and small business jets are predicting a major bump in sales — France’s Dassault Falcon just moved its Asia office … Continued

Western luxe still rules China

The Chinese luxury site NobleChinese posted a Top Ten List of preferred domestic luxury labels, as chosen by its readers. Only two of the entries are fashion brands affirming that when it comes to fashion, Western brands are still the best-known and favored amongst Chinese netizens. It comes as little surprise: A September 2010 study … Continued

Versace pursues retail expansion in China

The Italian luxury house, which just opened a jewelry boutique in Beijing on December 10, has other imminent plans in the pipeline for China. The company will debut a new retail concept before Christmas in the Village North, a shopping complex in Sanlitun, an affluent area filled with shops and eateries. Additionally, Versace is planning … Continued

China falls in love with life in the fast lane of luxury

While in traditional markets luxury car makers might still be feeling the effects of the world financial crises of 2008, in mainland China things have never been better with astonishing growth figures being recorded as the nation’s new wealthy treat themselves to the world’s most high-end modes of transport. The likes of Bentley, BMW and … Continued

Hublot Signs Jet Li as Ambassador

Hublot opened its first flagship store in Beijing on Nov. 29, 2010 and announced Jet Lias the first Asian ambassador for its brand. The new Hublot store in Beijing has an area of 100 square meters and is located at the entrance of Wangfujing Street in the Oriental Plaza, one of the most prosperous iconic … Continued