三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

  Home>News Center>China
       
 

Luxury brands focus on China
(Agencies)
Updated: 2005-05-19 19:26

Forget about Paris and New York. Chinese dying for haute couture gowns or the latest luxury bags can now shop right at home.

Makers of luxury apparel, liquors and other goods increasingly are looking to China, India and other developing countries for growth they won't find in older, established markets in Europe.

To meet soaring demand for Asia's newly affluent, venerable names such as Prada and Giorgio Armani are setting up stores as quickly as they can _ and even considering making some of their products here.

``China is certainly the most prominent and most important market we have in front of us,'' Paolo Fontanelli, chief financial officer for Giorgio Armani SpA, told a conference on luxury brands held Thursday in Shanghai.

Although China, Taiwan and Hong Kong together account for only a tiny fraction of Armani's sales, the fashion group is quickly adding stores in the country, both in major cities like Shanghai and in lesser known ones, such as Shenyang in the northeast and Chengdu in the southwest.

And while the company led the way in setting up a flagship store on Shanghai's riverfront Bund, just about all the big names now have boutiques in the trendy districts of Shanghai and Beijing.

China is the latest, biggest frontier in the luxury goods market, with India and Russia close behind, said Melanie Flouquet, luxury goods industry analyst for JP Morgan.

``Emerging markets are not only not insignificant but they are critical for growth going forward,'' Flouquet said, adding that China accounts for 5 percent to 6 percent of sales of European luxury goods, with Russia at about 3 percent and India at 1 percent, she said.

Chinese travelers have also joined the Japanese _ long notorious for their love of name brands _ as an important clientele for luxury shops in Paris, New York and Hong Kong.

``These days we need to have Mandarin (Chinese) speakers in our shops, for not all our customers speak English,'' said Fontanelli.

Yet although shopping in Paris, Milan or Hong Kong still carries a certain cachet, buying overseas is no longer the only way for shoppers to dodge the fakes that are rampant here.

``Now they can happily shop in their own territory and be confident they are buying the real products,'' said Raphael le Masne de Chermont, executive chairman for Shanghai Tang _ a fashion house founded in Hong Kong that bills itself as China's first homegrown luxury brand.

With so much potential growth at stake, Chinese consumers, especially the wealthy ones, have become the focus of intense analysis _ as are those in India and Russia.

``When we speak of luxury consumers, we're not talking about the same people we spoke of before,'' said Patrizio Bertelli, chairman of the Prada Group.

Until recently, men accounted for more than two-thirds of spending on luxury items in China. But that's changing as women with rising incomes splurge on ladies wear, luxury cosmetics and fashion accessories, said Flouquet, of JP Morgan.

Conspicuous consumption is in _ the pages of Shanghai's fashion magazines are plastered with shots of society belles in Dior and Versace.

Research shows that Chinese tend to buy luxury products without a lot of study or research, while many in Europe and Russia tend to focus on the ``genuine value'' of what they buy. Japanese tend to be rather discrete about their purchases, the Chinese less so, said Paul McGowan, chief executive officer for Added Value, a unit of WPP, the world's second-largest advertising and marketing conglomerate.

``China is still in its infancy and it's still status and show that are the main market drivers,'' he said.



Fire kills 5 in Northeast China
Aerobatics show in Hunan
Final rehearsal
  Today's Top News     Top China News
 

Australia, US, Japan praise China for Asia engagement

 

   
 

Banker: China doing its best on flexible yuan

 

   
 

Hopes high for oil pipeline deal

 

   
 

Possibilities of bird flu outbreaks reduced

 

   
 

Milosevic buried after emotional farewell

 

   
 

China considers trade contracts in India

 

   
  EU likely to impose tax on imports of Chinese shoes
   
  Bankers confident about future growth
   
  Curtain to be raised on Year of Russia
   
  Coal output set to reach record high of 2.5b tons
   
  WTO: China should reconsider currency plan
   
  China: Military buildup 'transparent'
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Market for luxury items booms in Shanghai
   
Market for luxury brands booms in Shanghai
   
Growing economy lifts demand for int'l brands
   
Luxury foreign products make inroads
   
Luxury foreign products make inroads
   
'Luxury' eyes China as market and future competitor
   
Hong Kong lives in the lap of luxury
   
Luxury goods storming Chinese cities
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 国产成人久视频免费 | 国产人成亚洲第一网站在线播放 | 亚洲视频在线观看网站 | 亚洲欧洲日韩天堂无吗 | 欧美一级毛片无遮 | 久久视频精品 | 精品播放| 性满足久久久久久久久 | 成人性色大片 | 天天看黄 | 一级免费片 | 黄色午夜网站 | 国产精品入口在线看麻豆 | 亚洲综合视频在线 | 国产成人综合洲欧美在线 | 成人爽爽激情在线观看 | 国产xxxx做受性欧美88 | 日本特黄特色大片免费播放视频 | 看一级特黄a大片日本片黑人 | 久久99精品久久久 | 国产精品嫩草影院99av视频 | 1000部啪啪未满十八勿入福利 | 欧美在线观看一区二区 | 亚洲三级国产 | 免费黄色欧美 | 国产日韩欧美综合一区二区三区 | 国产亚洲精品aa在线看 | 国产精品高清一区二区三区不卡 | 国产成人aaa在线视频免费观看 | 99久久精品免费观看国产 | wwwwxxx日本| 久久国产高清字幕中文 | 亚洲精品欧美精品一区二区 | 黄色一级片性生活 | 日产一区日产2区 | 欧美5g影院天天5g天天看 | 国产精品亚洲片夜色在线 | 天天拍天天色 | 亚洲国产精品a在线 | 国产日韩欧美视频 | 国产在线成人a |