Tag Archives: China luxury

Versace Jewellery boutique Beijing

Versace pursues retail expansion in China

Versace Jewellery boutique Beijing

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 to unveil another flagship in Shanghai’s Plaza 66 shopping center as well as another location in Zhengzhou, sometime in 2011.
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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 Audi are currently undergoing massive expansion throughout China and it appears the bigger the car the better as far as the Chinese are concerned.

Hence Rolls-Royce sold 500 cars in Great China (China, Hong Kong, Taiwan) in the first 10 months of this year and predicts it will sell 800 in the next 12 months.
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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 shopping malls in downtown Beijing.

The flagship store in Beijing is the third Hublot boutique in China, following the first at Plaza 66 in Shanghai and the second at Intercontinental Hotel in Dalian.
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Cartier Hong Kong Flagship Store Opening

Cartier, the number one luxury jewelry brand in China, continues to ramp up its presence in the Asian country with the opening of yet another flagship on Friday.

The new store, which spans 900 square meters (9,687 square feet), is housed inside the Prince’s Building — an upscale shopping center in Hong Kong.

The three-story boutique replaces Cartier’s old store — opened in 1970 — that was located on the ground floor of the same building.
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Armani taps Chinese market with online store

Italian fashion designer Giorgio Armani plans to tap the Chinese market with a new online store that opened Friday for Emporio Armani.

“In view of the increasing enthusiasm for online shopping and the growing importance of the Chinese market, I have decided to open an Emporio Armani online store in China,” Armani was quoted as saying in a statement.

“We have identified a significant group of consumers who will certainly appreciate this new approach to shopping, one that becomes more popular every day”.
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Louis Vuitton, Chanel top China’s most-wanted list

China’s ever increasing economic clout has again been reflected in a survey on consumer tastes in luxury goods which has shown the nation not only knows what goods it wants, it most certainly now has the means by which to buy them.

A report released this week by Bain & Company has claimed China is now the fastest-growing consumer of leather goods and jewelry worldwide.

Its overall luxury market has grown 23 per cent this year, meaning it’s on target to reap some 84.3 billion yuan (9.2 billion euro).

But what the world really wants to know is what are the Chinese after. According to this report, Louis Vuitton, Chanel and Gucci are the most lusted-for brands.
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Christian Louboutin To Open Beijing Store Next Year

French Luxury Shoemaker Christian Louboutin plans to open two stores in China next year, propelled by the rising incomes of Chinese shoppers.

The first-ever Beijing standalone store is slated to open in July 2011, followed by a Shanghai boutique in December 2011.

Louboutin said in a recent interview with Bloomberg that he may operate as many as five stores in China in the next three years.

Business-wise, it’s a smart move. China, the world’s second largest luxury goods market, is expected to become the biggest market in the next five years.
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Tiffany eyes aggressive expansion in China

US jeweller Tiffany & Co is aiming to make a major push into China as it seeks to tap a growing appetite for luxury goods among the country’s new wealthy.

“China will rapidly become the place where we will have the greatest number of new stores,” Tiffany chairman Michael J. Kowalski said on Tuesday.

The firm, showcased in the 1961 film Breakfast at Tiffany’s, plans to open 25 to 30 outlets across the country over the next three years.

During its current fiscal year, which ends in January, the company will inaugurate 14 stores around the world, four of them in China, it added.
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Rich Chinese show off their wealth on the water

They already drive flashy cars, wear expensive watches and eat at top-end restaurants. Now rich Chinese businessmen have found a new way to flaunt their wealth – luxury boats.

“They want to go out on the ocean and have fun — and take VIP clients to fish and negotiate deals,” said Zheng Weihang, secretary general of the China Cruise and Yacht Industry Association.

With the second-largest number of dollar billionaires in the world after the United States, according to Forbes magazine, China is drawing eager foreign marina developers and boatmakers to its shores to tap the fast-growing market.

China currently has around 1,000 luxury powerboats and yachts moored around the country, and the number is expected to balloon to more than 10,000 over the next five years, Zheng told AFP.
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Another boom week for China’s hotels

Major hotel brands have been unveiling expansion plans in China at a key conference over the past week.

Many chains are planning to considerably beef up their presence in the country, with a series of deals unveiled this week at the Hotel Investment Conference Asia Pacific.

Hyatt announced a total of 11 new properties, confirming that four new hotels would be opened next year in Ningbo, Jinan, Guiyang and Qingdao, a mix of areas designed to target both business and leisure travelers.
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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 are closing at 6pm instead of 7pm to rebuild our stocks before the Christmas season,” a shop assistant said.

The article says that Vuitton boutiques within department stores Bon Marche, Printemps Haussmann and Galeries Lafayette will not be affected.
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Shang Xia store Beijing

Hermes launches new brand in China

shang xia 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, a picture of minimalist chic, offers clothing, home furnishings, shoes and tableware — a collection inspired by tea, and made from traditional Asian materials such as bamboo, cashmere and porcelain.
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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.

The new low-rise resort will feature guest rooms that average 40 square meters in size and several Chinese and speciality restaurants, along with a health club, spa and beauty salon and indoor lap pool at the hotel.
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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 of high-end brands reporting ballooning 2010 profits, firms and consultants predicted rosy days ahead for luxury goods.

“The recession’s starting to look like an old memory for the luxury industry,” said analyst Matthew Curtin, quoted by Dow Jones Newswires.

PPR chief executive Francois-Henri Pinault said of the group’s doubled first half net profits, “very good results … in an economic environment that remains hesitant.”
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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 a 25-meter indoor swimming pool.
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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 would have to do a lot of work first”, Harrods managing director, Michael Ward said.
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Beijing pet spas turn pooches into pandas

With pet ownership on the rise in an increasingly affluent China, savvy entrepreneurs are opening animal spas offering dogs a full makeover — even transformation into a panda.

Sun Ruowen opened her pet salon in central Beijing in May. Already, dozens of customers wanting to pamper their pets — mainly dogs — have bought pre-paid service cards which can cost more than 1,000 dollars.

“People are spending more money these days, and more and more people have dogs, so I decided to open a top-end pet store which offers luxury services such as spa and massage”.
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Dior shows Parisian chic in Shanghai

Following Chanel’s much-talked-about resort showcase in Saint Tropez, Dior presented its cruise collection for 2011 in Shanghai.

The Chinese metropolis further manifested its status as fashion hotspot by hosting another event of this scale, after Chanel chose Shanghai to show its Maison d’Arts collection last year.

But while the latter drew on Chinese tailoring, Dior was all about Parisian chic, featuring pastels, florals, and ruffles paired with big 1960s-inspired hair.

Despite its name, Dior’s cruise collection displayed a striking lack of practical, laid-back clothes that would actually be fit for cruising.
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