Thousands of rich Shanghai residents have turned China’s most cosmopolitan city into the luxury capital of a country that is expected to become the world’s largest market for the sector between 2012 and 2015.
Shanghai topped China’s luxury market in 2010-11 with 18% of overall sales, ahead of Beijing’s 16% and the eastern city of Hangzhou, with its 13% share.
Second and third-tier cities in the country are still far behind, despite boasting a growing number of wealthy people, according to the World Luxury Association.
The Absolut Art Collection Tour is about to make its final stop in Shanghai after touring across Asia Pacific over the past few months.
The Absolut Art Collection, a celebration of art, creativity and popular culture, includes works by Andy Warhol, Francesco Clemente, Rosemarie Trockel, Béatrice Cussol and Angus Fairhurst, to name a few.
This will be the last chance to see the collection before it returns to Sweden. The exhibition will run from July 14th to 30th in Longmen Art Projects Shanghai.
Harry Winston Diamond Corp, the Canadian mining group which owns the jewelers, has this week announced plans to build a flagship store in Shanghai.
And it will be hard to miss, boasting a 12-meter high façade a company spokesman says will be like a “billboard to the world, a billboard to the Chinese people.”
The 460-square-meter flagship store — to be opened “before January” next year — will be supplemented by a salon inside the lobby of the Peninsula Shanghai hotel.
Jumeirah Group, the Dubai-based luxury hotel company, announces the soft opening of its first five-star luxury hotel in China at the Himalayas Centre in Pudong, Shanghai.
Jumeirah Himalayas Hotel Shanghai features 401 contemporary Chinese-style guestrooms, including 62 suites and residences, four restaurants and lounges, a 24-hour fitness centre and indoor swimming pool.
The hotel also offers extensive meeting, conference and event facilities, including two grand ballrooms and a 5,000m2 rooftop Infinity Garden.
The tastes of China’s wealthy are shifting away from designer goods with flashy logos to more understated luxury brands, the chief executive of French fashion house Chloe said Friday.
That shift has helped Chloe become one of the Swiss luxury goods company Richemont Group‘s fastest-growing labels in China, its CEO said.
“China has been very fast at picking up the most well-known brands,” Geoffroy de la Bourdonnaye said in a group interview.
Shangri-La has debuted a new luxury five star brand with the opening of a new hotel in Shanghai February 18.
Kerry Hotels is a new five-star contemporary brand from Shangri-La which provides “a seamless link between business, entertainment and recreation.”
The new Shanghai Pudong property offers 574 guestrooms decked out with the latest technology such as DVD players, Nespresso machines, iPod docking stations and 40-inch televisions.
China has followed Japan‘s lead in the capsule hotel market, amid an explosion of leisure travel in the world’s most populous country.
The first capsule hotel in Shanghai opened at the weekend, less than a month before the Spring Festival holiday, when hundreds of millions of people crisscross the country to celebrate Lunar New Year with their families.
The hotel has 68 cabinet-sized rooms imported from Japan, each equipped with a power point, clock, light, television and wireless Internet.
The cream of China’s hotel industry has been selected by a Chinese publication, with the top gongs going to properties in Hong Kong, Shanghai and Hangzhou.
The China Best Design Hotel Awards were awarded last month in Shanghai, with three exclusive properties coming top of the list — The Mira Hong Kong, the Waldorf Astoria Hotel Shanghai and the Four Seasons Hangzhou West Lake.
Presented by The Bund, a Chinese lifestyle magazine, the China Best Design Hotel Awards are chosen by public vote and a panel of international design experts.
InterContinental has confirmed that it is to launch boutique Hotel Indigo brand in Asia-Pacific, opening the first property in Shanghai by the end of the year.
The new Hotel Indigo Shanghai on the Bund will sit alongside luxury properties such as Fairmont’s Peace Hotel and the Peninsula Shanghai, although it’s set to offer travelers an altogether different style of service — and likely a different price range.
The 184-room property eschews the grandness favoured by its competitors for the more distinctive, design-led approach common to Hotel Indigo, which prides itself on reflecting the culture, character and history of its neighbourhoods.
The Museum of Contemporary Art (MoCA) in Shanghai will hold an exhibition during winter 2011 on Chanel, the iconic haute couture label.
Titled Culture Chanel, it will trace the many inspirations behind the designs of the French house. It’s the latest move by a luxury label to expand its presence in the cosmopolitan Chinese city.
Running from January 15, 2011 â€“ March 14, 2011, the exhibit will showcase over 400 items â€œincluding clothing, artworks, manuscripts and films.â€
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, a picture of minimalist chic, offers clothing, home furnishings, shoes and tableware — a collection inspired by tea, and made from traditional Asian materials such as bamboo, cashmere and porcelain.
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 would have to do a lot of work first”, Harrods managing director, Michael Ward said.
The Ritz-Carlton Pudong opened June 21 as the latest luxury hotel to hit Shanghai, occupying the top 18 floors of the city’s giant International Finance Center South Tower.
The hotel offers 285 rooms designed by Richard Farnell, ranging from 50 meters squared to 400 meters squared for the Ritz-Carlton suite.
The rooms offer a modern interpretation of 1930s Shanghai art deco, a tribute to the restored Shanghai Bund (of which the hotel offers sweeping views).
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 was all about Parisian chic, featuring pastels, florals, and ruffles paired with big 1960s-inspired hair.
Despite its name, Dior’s cruise collection displayed a striking lack of practical, laid-back clothes that would actually be fit for cruising.
Marion Cotillard is back for the latest installment of the Lady Dior campaign titled Lady Blue. For this fourth chapter, Cotillard has been taken to Shanghai.
The short film follows a teaser clip that was released a few weeks ago, where Marion Cotillard, dressed in black, recites a poem penned by David Lynch, and dances with her blue Lady Dior bag.
Directed by David Lynch, the short film is a love story full of mystery. “Itâ€™s about memory, [â€¦] And then, when you remember, itâ€™s differentâ€ Lynch said.
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 be held in Shanghai on May 15th.
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.
Now, new projects are on the horizon for the British house, including a new luxury online store and expanding the house name brand beyond souvenirs.
2010 has seen a flurry of new hotels opening in Shanghai ahead of the start of the World Expo, which runs for six months from May 1.
Marriott, Peninsula, InterContinental and Fairmont are amongst the brands joining Shanghai’s luxury market.
InterContinental has opened the new Shanghai Expo hotel as the city completes its final preparations for Expo 2010 which begins on May 1.
It opened April 19 as the only luxury hotel on the Shanghai Expo site, offering 400 rooms with views of the pavilions, the Huangpu river and Shanghai skyline.
The French carmaker has just unveiled today the Citroen Metropolis concept which will be premiered at the Shanghai World Fair from 1st of May 2010.
Created by CitroÃ«n‘s international design team – based in Shanghai since 2008 – CitroÃ«n Metropolis will be on show in the French Pavilion at the Shanghai World Fair from 1st May to 31st October, 2010.
The Citroen Metropolis is a big luxury sedan with a wheelbase bigger than both the Audi A8 or Mercedes S-Class and it just so happens to follow the debut of the BMW long-wheelbase 5 series at the Beijing Motor Show.