www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

Luxury brands continue to cash in on China market

Updated: 2012-07-28 09:32
By Wang Wen ( China Daily)

China's increasing luxury market was still a growth driver for some main international luxury groups' total revenue in the first half of 2012, despite the slight slowdown in market growth.

On Thursday, the French-owned PPR SA, for instance - the world's third-largest luxury group by turnover, which owns Gucci and Bottega Veneta - revealed it generated 1.17 billion euros ($1.4 billion) in sales from the Asia-Pacific region, excluding Japan, in the first half of 2012, an increase of 16.2 percent compared with the same period in 2011.

The region - its second best earner after Western Europe - contributed 18 percent to total group revenues of 6.39 billion euros, a 16.7 percent rise compared with the first six months of 2011.

The Gucci brand, gained huge popularity in China, said Chief Financial Officer Jean-Marc Duplaix, where sales soared by 35.6 percent across all of China in the first half of 2011, including Hong Kong, Macao and Taiwan, and 17.2 percent on the mainland in the first half of 2012.

At rival LVMH Moet Hennessy Louis Vuitton SA, the leading luxury group which owns a stable of top names including LV, Fendi and Kenzo, revenues were also boosted from Asia.

Total revenues of 12.9 billion euros in the first half of 2012, were 26 percent better than 2011, with countries in Asia, excluding Japan, contributing the most, the group said.

"Sales to customers from China and America were particularly strong during the period," LVMH added.

Luxury brands continue to cash in on China market

Both luxury giants said that they were optimistic that business in China, especially, will continue to expand.

Gucci set up a head office in Shanghai with its own chairman to underline its commitment to the country earlier this year, and Bernard Arnault, the group chairman and CEO of LVMH, said it will continue to pursue further market share.

LV reopened its largest store in China on Tuesday, which it said highlighted the group's growing ambition in the market.

The only blot on the luxury landscape in recent weeks was from Burberry Group Plc, the United Kingdom's largest luxury company, which revealed that its revenue growth in Asia-Pacific area for the three months to June 30 dropped to 18 percent from 67 percent in the same period of 2011.

But analysts say that's unlikely to stem the spending being seen on other brands.

"The market in China is positive in the long term and will keep growing maybe even for 10 years," said Yang Qingshan, a guest researcher on luxury goods and services at the University of International Business and Economics in Beijing.

Zhou Ting, executive director at the research center at UIBE, added: "The growth of China's luxury market was going slow in the first half of 2012, along with the slowdown in China's economy, but the market will continue to increase."

She said that it won't just be first-tier cities which will continue to sell plenty of luxury goods, as there is also huge potential in the country's smaller cities.

However, consumers there are more price-sensitive, and if the economy continues to slow, sales could be affected.

wangwen@chinadaily.com.cn

...

...
...
主站蜘蛛池模板: 久久99精品久久久久久秒播 | 国产成人tv在线观看 | 国产成人精品午夜 | 国产日韩欧美网站 | 国产乱淫a∨片免费视频 | 97国产免费全部免费观看 | 国产精品日韩欧美在线第3页 | 亚洲精品综合一区二区 | 久青草免费视频 | 91亚洲欧美 | 久久黄色一级视频 | 日韩日韩日韩手机看片自拍 | 日本久久久久久久久久 | 久久精品国产一区二区 | 毛片大片 | 俄罗斯aaaa一级毛片 | 欧美高清不卡 | 久久精品在线视频 | 99视频在线观看免费 | 久久久久久国产精品三级 | 亚洲精品视频区 | 日韩欧美一区二区三区免费看 | 久草在线视频网站 | 国产日产亚洲系列首页 | 一级特级aaaa毛片免费观看 | 色拍自拍亚洲综合在线 | 欧美大尺度免费一级特黄 | 欧美a在线 | 九九精品免费观看在线 | 黄a视频在线观看 | 国产播放| 欧美一级做一a做片性视频 欧美一级做一级爱a做片性 | 成人黄色三级 | 三级黄色毛片视频 | 国产精品观看在线亚洲人成网 | 国产成人综合一区精品 | 欧美日韩在线看 | 国产精品99 | 黄色18网站| 亚洲图片视频在线观看 | 在线观看毛片网站 |