Asia-Pacific millionaires are collectively worth more than their European counterparts for the first time, with the rich in China and India leading the way. The report on high-net worth individuals (HNWIs) — defined as anyone with investible assets of at least one million US dollars — was issued by Merrill Lynch Global Wealth Management and [...]
This August, Absolut is planning to release 350,000 of its newest limited-edition bottles, but only for the Chinese market. The Absolut 72变 (Absolut 72 bian/Transform) bottle was designed by a Chinese artist, Gao Yu. The name of the edition “Absolut 72变” refers to an old legend about a monkey god (Sun Wukong), which had a [...]
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 [...]
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.
To mark the reopening of Dior’s boutique at Plaza 66 in Shanghai, Dior is launching a limited-edition selection of iconic pieces in Dior blue, which will be sold exclusively at the Shanghai store. The reopening of the Plaza 66 boutique also coincides with the World Expo and the Dior Cruise 2011 fashion show, which will [...]
After London’s most famous department store Harrods changed hands this weekend, new owner, Qatar Holding is considering a Chinese branch. The company behind the investments of the Qatari royal family bought the store on May 8 for Â£1.5 billion after months of negotiating between Qatar Holding’s CEO, Ahmad al-Sayed, and former Harrods owner, Mohammed al-Fayed. [...]