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  • What's News? June 7, 2013 | 0 Comments

    Prada: 12 stores for 2013

    According to Prada, the company plans to open 12 new stores in China this year. After entering the China market in 1985, Prada company currently has 20 stores in total, less than competitors like LVMH and Givenchy. At the moment, Prada has no intention to develop its own e-commerce channel in China. Source: Winshang

  • What's News? May 24, 2013 | 0 Comments

    Givenchy bucks trend

    Pushing back against a general slowdown in luxury, Givenchy, part of the LVMH portfolio, plans to speed up its expansion in the China market and open 15 more stores in the next two years. The company currently has 15 stores located in 13 cities, most in tier-one and two. Givenchy is counting on the rise of middle-class consumption to boost its turnover. Source: Winshang

  • What's News? May 15, 2013 | 0 Comments

    LVMH breaks ground on vineyard

    Moet Hennessy, one half of LVMH, recently started construction of its Chinese luxury winery. Located at Shangari-la in the heart of Yunan province, the winery is designed to international standards and is aiming to produce premium-quality wines. Luxury is under attack in China, but Moet Hennessy remains confident that China will continue to be the company's largest market for luxury beverages. Source: TJKX

  • What's News? March 1, 2013 | 0 Comments

    Luxury prices up

    Luxury brands likeLV, Chanel and Dior have already been accused of price gouging China consumers. Sticker prices, however, keep rising. Dior raised prices 20% in early February, with LVMH also seeing hikes. Prada prices rose during Chinese New Year and will do so again this summer; select Chanel products are now 30% more expensive.

    Source: Sina

  • What's News? February 27, 2013 | 0 Comments

    Luxury expansion halts

    Luxury goods group PPR has decided to halt store expansion for 2013. PPR, owner of brands like Gucci, Bottega Veneta and YSL, cited slow market growth as the main culprit. Fellow luxury conglomerate LVMH announced before Chinese New Year slower expansion for its own brands in China’s tier-two and three cities. While the completion of China’s leadership transition was expected to reverse a luxury slowdown, the overall market remains poor. Source: China Management Online

  • What's News? January 28, 2013 | 0 Comments

    Millionaires heart LVMH

    Hurun, compilers of the perennially interesting China Rich List, are back with results from their luxury survey. Millionaire males top three brands in 2013 are LVMH, Apple and Hermes. Moutai, famed alcohol of government banquets and now under anti-corruption scrutiny, fell out of the top ten. The replacement is Lafite, with red wine increasingly favored in place of traditional baijiu. Apple is the only electronics brand to make the cut. China’s female big spenders, meanwhile, selected Chanel, LVMH and Cartier for their top three. Source: 21st Century News

  • What's News? September 18, 2012 | 0 Comments

    Louis Vuitton offers custom tailoring in China

    Louis Vuitton recently opened its largest store in China. The store is one of 16 LVMH's 16 global "boutiques" and is in Shanghai' Plaza 66 on Nanjing West Road. Neghboring other brands like Chanel and Prada, the new LV store will offer custom purse and shoe tailoring for the first time. China is currently the world's third largest luxury goods market, with a total value of RMB 160 billion. It is predicted to overtake Japan and the US within the next 3 years. Source: Sohu

  • What's News? September 4, 2012 | 0 Comments

    World’s largest Sephora to open in Shanghai

    Personal care chain-store Sephora recently signed an agreement to lease one of the best locations on Shanghai's Nanjing East Road.  According to local reports, the space was previously occupied by a Nike flagship, and will be Sephora's largest store anywhere in the world. The opening date of the new store is still unknown. Sephora is owned by LVMH. Source: People's Daily

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  • January 01,1970


  • January 01,1970


  • January 01,1970


  • January 01,1970


  • January 01,1970