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 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
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 … Continued
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 … Continued
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 … Continued
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 … Continued
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 … Continued
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 –Â 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 … Continued
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 … Continued
The Hainan Rendez Vous, Asia’s first and only exhibition exclusively dedicated to business jets, large yachts and luxury lifestyle will return from April 1st to April 4th 2011 at the Visun Marina in Sanya (Hainan Island, China).
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 wonâ€™t have enough stock to fill demand during the holiday season. “We … Continued
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, … Continued
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. … Continued
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 … Continued
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 … Continued
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 … Continued
Euromonitor has predicted that by 2020 China will be the world’s largest economy and that young Chinese, who already account for 25% of the world’s luxury market, will drive household consumption.
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 … Continued
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 … Continued
Chinese news portal People’s Daily Online has compiled a list ranking China’s 10 Most Luxurious Cities. The criteria? Living standards of the city’s elite, “internationalness”, designer shopping, and infrastructure. Not surprisingly, Shanghai, long known as the “Paris of the East”, has come out on top.