Chinese consumers will be the leading buyers of luxury goods brands by 2015, snapping up pricy items at home and abroad, according to the Boston Consulting Group.
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.
Gucci has announced that Chinese actress Li Bing Bing will star in a special ad campaign dedicated to the House’s handbags, fine jewelry, and timepieces.
Construction began last month on Shanghai’s first “groundscraper”, soon to be the InterContinental Shimao Shanghai Wonderland.
Only 20 limited-edition 458 Italia cars featuring a golden dragon on the front bonnet will be showcased in Shanghai.