An increasing number of international luxury brands are attracted to the growing market potential in China. Boutique stores are open everywhere in the larger cities. We interviewedPhilippe Pascas, Chairman/CEO of LVMHwatch& jewelry division, about how he sees the luxury goods group expanding in China. His division represents only 4% of LVMH annual revenues, but is growing at a 23% sales rate in 2006. Dior is one of their popular brands worldwide and is very hot in China.
Just in time for the lunar New Year, tailors are experiencing a big demand for their services. Customers both home and abroad are turning to Chinese tailors for their bespoke services. During the 1990’s, Shanghai was a fashion center. Despite its ups and downs, the city still remains a popular place for quality tailoring. Watch the full story for a fascinating report.
Art dealers and collectors crowded the 300 display stalls of the Shanghai International Art Fair to look for pieces both for decoration and investments. The art investment business lacks solid guidance in China. Our report tells how Shanghai art gallery owners plan on helping that situation. More art news from Shanghai.
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