Shanghai - Louis Vuitton - Chinese Luxury Shopping
June 17, 2013
Shanghai is a very impressive city, but some how we didn't expect all the western style luxury and shopping like this Louis Vuitton store. We should have known because Shanghai has long been a haven of international shopping and China is the world’s largest luxury market. Yet, it is not the typical image for most of China.
About an hour away from Shanghai, the small water village is a whole different world.
Louis Vuitton has been selling in China for over twenty years as are many other luxury brands like Gucci , Armani, Dior, Cartier, Prada, Tiffany, BMW etc.. By 2015, the experts predict China’s luxury market would account for one-fifth of global sales.
“Chinese have become, and will remain for a long time, the most important luxury consumers.” Bruno Lannes of Bain & Company ( The Economist)