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Chinese buying more luxury goods in mainland China

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Chinese buying more luxury goods at home: survey   Chinese shoppers are increasingly buying luxury goods in mainland China, turning away from high-end stores abroad and in Hong Kong, according to a poll by market research firm Ipsos, cited by AFP. The poll found that Chinese buyers preferred to shop on the mainland for luxury … Read more

LVMH reports an increase of 26% in the first half revenue

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LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €13 billion in the first half 2012, an increase of 26%. Organic revenue growth was 12%. “All business groups contributed to this performance, which is even more remarkable coming on top of the strong growth in first half of 2011. The … Read more

Space food in progress: appetizing foods for long-term gastronauts

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Love and passion comes through the stomach. With this in mind, a team of scientists with the NASA-funded Hawaii Space Exploration Analogue and Simulation project (HI-SEAS) is working to develop more appetizing and healthy foods for long-term space travel, as space agencies prepare to send astronauts on two-to-three year missions to Mars. In March 2013, … Read more

Louis Vuitton inaugurates the 16th Maison in Shanghai

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The economy maybe in tatters in much of the world but luxury retail experiences in China just keeps on growing. On the occasion of Louis Vuitton’s 20th anniversary in China, the French luxury label is inaugurating its first Louis Vuitton Maison in mainland China to the public at Plaza 66 this coming Saturday (July 21). … Read more