China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (3698)	11/16/2004 7:33:25 PM
From: RealMuLan	Read Replies (1) of 6370

Disgusting!--Paris luxury summit eyes China as future player PARIS, Nov 16 (AFP) - China and other emerging market countries offer new markets for the luxury goods industry though they are likely in time to themselves become competitors, according to industry experts. China has "a considerable speed of technical assimilation", Hubert Vedrine, a former French foreign minister and now director at the world's leading luxury goods maker LVMH, said at Monday's "Summit of Luxury" here. "With time, the new emerging countries are going to produce and become competitors. They began with copies, but nothing is stopping them from upgrading the quality of products," he said. Dedicated to the future of luxury items, the fourth "Summit of Luxury" in Paris also pondered new forms of luxury and reconciling both the need for worldwide distribution by big groups with retaining the essence of luxury that implies rarity. expatica.com

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