Jun 12 2008
China’s Millionaires have insatiable appetite for haute couture
Models display items from Cartier High Jewellery during a private gala dinner in Shanghai in this January 26, 2007 file photo.
China’s millionaires’ club is expanding rapidly and many new members are women who don”t even blink when asked to pay a cool $10,000 for a cocktail dress from a top international designer.
European and American fashion designers feeling the pinch from the credit crisis can look to the growing ranks of China’s nouveau riche to boost sales.
“The Chinese are the newcomers to the global market,” said Sebastian Suhl, Asia-Pacific chief executive of Italian fashion house Prada, which has nine stores in China.
“They’re very hungry to learn about fashion. Fashion represents obviously status, but luxury is also a kind of bridge to the modern world for them.”
http://www.appareltextile-china.com
- VINYLSCHNEIDENDER für das Zeichen mit dem Bilden ausgezeichneter Vinylschneidender vom Redsail China
- Mechanical seal, mechanical seals manufacturer and supplier–China Ningbo LIHE INC.
- UPS, on line UPS, array UPS manufacturer and supplier–China Zhejiang Ward Electronic Co., Ltd.
- Bathroom accessories, shower panel manufacturer and supplier–China Zhejiang Baishide Sanitary Ware
- Magnet manufacturer magnets supplier–China Ningbo Bestway Magnet Co.,Ltd.
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