Monthly Archives: February 2013

A SHANGHAI LICENSE PLATE IS THE NEWEST LUXURY AT $12,000

For Shanghai residents, the joy of owning a new car is quickly diminished by the complicated and expensive process required to obtain a local license plate. Yolanda Dong, a manager at a Japanese firm who lives in Shanghai, paid 100,000 … Continue reading

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CHINA’S $80 BILLION WEDDING MARKET

Chinese traditions surrounding dating and marriage are shifting thanks to the growth of the country’s luxury sector. “With more Chinese living and studying overseas, we observe a new demand toward more western-style weddings,” said Patrick Behrens, The Peninsula Shanghai‘s executive assistant … Continue reading

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China Gets Angry at Overseas Luxury Shopping Trips

Bloomberg News A man walks past a Cartier store, operated by Cie. Financiere Richemont SA, in Shanghai, China, on Wednesday, Feb. 6, 2013. China’s consumers are coming under fire for doing their shopping overseas at a time when the country … Continue reading

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China’s 360Buy Unwraps Massive New Funding Round of $700 Million

  It was only three months ago that 360Buy, China’s second-largest online store, wrapped up$400 million in funding. Today 360Buy has confirmed an even bigger injection of capital with a fifth round of funding worth $700 million. [UPDATED: The April 2011 round turns … Continue reading

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LUXURY WATCH BRANDS’ OBSESSION WITH THE FAR EAST

LUXURY WATCH BRANDS’ OBSESSION WITH THE FAR EAST To some luxury watch aficionados, the UK has been a historically important market and an arbitrator of watch design. Now, however, insiders are wondering if the epicenter is shifting too far East, … Continue reading

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VERA WANG OPENS FIRST CHINA STORE, CHARGES ‘TRYING FEE’

Vera Wang, the queen of bridal wear, opens a two-story, 850 square meters store in Shanghai – her largest flagship store – to controversy. Wang’s first China store charges a non-refundable fee of 3,000 yuan (US$482) to try on bridal … Continue reading

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CHINESE NEW YEAR GIFTS: FOREIGN BRANDS V. DOMESTIC BRANDS, WHO WINS?

CHINESE NEW YEAR GIFTS: FOREIGN BRANDS V. DOMESTIC BRANDS, WHO WINS? In a culture where guanxi is the lifeblood of business, there is still no better way to cement business relationships than giving luxury gifts during Chinese New Year despite further government … Continue reading

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BoF Exclusive | CEO Talk – François-Henri Pinault, Chairman and Chief Executive Officer, PPR

François-Henri Pinault | Photo: Virgile Guinard On the day of the official announcement of a major joint-venture between PPR and YOOX Group, BoF’s Imran Amed speaks to PPR chief executive officer François-Henri Pinault for a global exclusive interview on how … Continue reading

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LUXURY GETS ENAMORED WITH THE YEAR OF THE SNAKE

Out with the 2012 dragon, in with the 2013 snake. Chinese believe that dragon is the symbol of Yang, and snake is the symbol of Yin. 2013 is the year of the water snake, according to Feng Shui consultant Marites … Continue reading

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Diageo launches Johnnie Walker House in Beijing

Building on the success of the Johnnie Walker House in Shanghai, Johnnie Walker has opened a second property in China, the Johnnie Walker House Beijing. The world’s largest embassy for luxury Scotch whisky, the Johnnie Walker House Beijing will provide … Continue reading

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