Burberry sales boosted by Chinese thirst for luxury items
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Tourists from mainland China are flocking across the border to former British colony Hong Kong to snap up the latest fashion items from Burberry, the luxury goods and fragrances group said.
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Japanese fashionistas queued around the block to spot celebrities and buy handbags at the opening of Giorgio Armani's new tower in Tokyo, showing that when it comes to a love for luxury labels, few can match Japan.
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The Hong Kong company that bought global label Guy Laroche last week says it plans to use the prestigious French brand to spearhead its push into the yet untapped fashion riches of China.
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Lenovo's acquisition of a business that iconic computer maker IBM pioneered declares China's desire for a place alongside the global corporate elite louder than ever before.
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LVMH, the world&#39;s biggest luxury goods company, has beaten forecasts with a 14-percent rise in first-half operating profits, helped by a rebound in retailing and strong sales at Louis Vuitton.
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Fashion Wire Daily - Fashion Wire Daily December 2, 2004 - PARIS - Property though thankfully not its price dominated talk as a gang of French actresses led the celebration of the redesign of Burberry&#8217;s French flagship store in Paris Wednesday night.
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The holidays have been in the bag for this luxury retailer.
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The China market is finally for real. To the country's new consumers, Western products mean one thing: status. They can't get enough of those Air Jordans
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French luxury goods group LVMH Moet Hennessy Louis Vuitton posted a six percent increase in sales for the full year 2004 and said that operating profits rose 10 percent.
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Luxury carmaker Rolls-Royce says China is becoming its biggest growth market, with sales there up by 50% in 2006.
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Heavy price cuts help deliver a stronger than expected rise in UK High Street sales, official figures show.
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Outdoor clothing retailer Blacks says demand for waterproofs, spurred by a wet summer, has buoyed sales.
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French luxury products group Hermes International has reported a 6.1-percent sales rise in 2006 and said it expected stronger growth this year depending on business conditions in Japan.
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Groupe Christian Dior, which controls the Christian Dior Couture fashion design business and luxury product giant LVMH, reported that first-half profits had surged by 58.6 percent.
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Urged on by China's government and armed with credit from state-owned banks and stock market listings, many Chinese manufacturers are going global.
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Can the luxury purse and accessory retailer keep up the momentum?
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From Fifth Avenue to Soho, electronics megastores to tiny boutiques, Europeans, especially the British, are invading New York en masse for holiday shopping, flush with euros and pounds at new highs against the dollar.