Despite the economic crisis, 2009 ended better than it began for the French luxury goods sector, thanks largely to China’s growing taste for high-end products, encouraging thoughts of a better 2010. Following the trend set by other global luxury brands, Hermes and LVMH announced fourth quarter sales growth on Thursday and Friday, suggesting the worst [...]
While the rest of the world in the past 12 months saw declining figures in the sales of high-end goods, China’s market continued to blossom. And as well as its developing desire for brand names, the nation appears at the same time to be growing a very sweet tooth. China’s chocolate market — driven by [...]
China has unveiled the world’s largest chocolate wonderland in Beijing. Among the 500 life-size figures exhibited in the fair there are chocolate shoes, clothes and also a life-sized BMW 1-series car. According to a report in the official China Daily newspaper, 10 craftsmen needed four tonnes of chocolate and six months to make the car.
A city in central China has renamed a mountain after the US blockbuster movie “Avatar,” which set a Chinese box office record. The majestic peak in Hunan province previously known as “Heaven and Earth Pillar” or “South Sky Pillar” has been officially renamed “Avatar Hallelujah Mountain,” the Zhangjiajie city government said in a statement. The [...]
The Hurun “Best of the Best” 2010 Awards for preferred brands of China’s richest consumers were announced yesterday by Hurun Report. The luxury business magazine is renowned for its annual “China Rich List” In its sixth edition Hurun surveyed 383 mainland millionaires, each with assets of at least RMB 10 million ($1.5 million). Among them [...]
This spring, Hermes plans to launch a new brand, called Shang Xia (meaning “topsy-turvy” in Mandarin), in the lucrative Chinese market. It’s an interesting move from Hermes, who generally tends to buy all or part of existing brands. Shang Xia will include ready-to-wear and decorative arts inspired by Chinese culture and traditions of craftsmanship.