June 8th, 2009
Gucci plans to open two to four more stores this year in China, after opening its 28th on Saturday, undeterred by uncertainty in the global economy as China is set to lead future luxury consumption.
For the moment, China’s $8 billion luxury market accounts for just 3 percent of global sales, compared with 38 percent in Europe, 33 percent in South and North America and 12 percent in Japan.
But China (and Brazil!) are projected to be the two fastest-growing luxury markets through 2012, according to consulting firm Bain & Co.
June 8th, 2009
In June, the 209-room PuLi Resort and Spa will offer all the trappings of an urban resort, including 24-hour butler service, bathtubs with views of the Shanghai skyline, an Anantara Spa and an exclusive lounge for guests of The PuLi Club.
Prices: from $650 (opening specials will be available until the end of September)
June 5th, 2009
‘
Gucci opens it 28th store in China on the 6 June 2009, to mark the occasion Frida Giannini has created a limited edition “Shanghai Dragon Bag”.
A version of the sort after Boston Bag in white with two red Dragons facing each other in a symmetrical fashion and the Gucci signature in the middle, underneath is a bright red column.
Inspiration for the design comes from ancient Chinese Symbolism including the use of prosperous red, a sign of good luck.
June 1st, 2009
From famous chateaux ranging from Lafite to Margaux and Mouton, wine lovers had a chance to bid for top French wine in Beijing on Friday at the first wine auction yet on the Chinese mainland.
Around 1,000 bottles of fine wine from France’s renowned Bordeaux area were on auction with a starting price of several hundred to several thousand U.S. dollars Xinhua reports.
94 percent of the wines were sold and over 90 percent of the buyers said they would drink the wines themselves, not for investment.
May 19th, 2009
The 2009 edition of the China International Luxury Property Show will be held on September 25-27, in Shanghai, supported by LP – Luxury Properties magazine.
For the fourth consecutive year, CILPS will present to Chinese elite and wealthiest investors a selection of exclusive properties for sale from all over the world.
More than 4,000 high profile investors visited the Show last year, confirming the appetite of China’s elite for overseas premium real estate investments, and the growing globalization of the China market.
March 30th, 2009
A model recently presented a wedding dress decorated with peacock feathers at the wedding expo held in Nanjing, China.
The unique dress took eight handicraftsmen two months to finish!
The peacock wedding dress made of brocade is decorated with 2009 peacock tail feathers and 60 Hetian jades, and cost 10 million yuan (US$1.4 million), according to the expo organizer.
