Fake Chinese Lafite will be eradicated within two years French wine maker Chateaux Lafite Rothschild has won six lawsuits against Chinese companies as nearly 70 percent of Chateaux Lafite in China is fake. The Chinese companies have been ordered to pay a total of at least US$126,984 in compensation, Chateaux Lafite Rothschild told Shanghai Daily. … Read more
Starwood Capital’s Louvre Hotels to speed up its expansion in fast-growing China Louvre Hotels, the world’s eighth-largest hotelier owned by U.S. investment group Starwood Capital, partnershiped with number one Chinese tour operator for expansion. Louvre Hotels, which so far has three hotels in China, plans to open 25 midscale or luxury hotels in the Shanghai … Read more
Hong Kong overtakes London’s West End as world’s most expensive office market in 2011 Newly-released figures from Knight Frank show that Central, Hong Kong overtook London’s West End as the location with the highest prime office rents in the world during 2011. Hong Kong’s rise to the top of the ranking is a result of … Read more
dunhill Opens Alfie’s Restaurant and Lounge in Jumeirah Emirates Towers Men’s luxury brand Alfred Dunhill opened Alfie’s Dubai, a Restaurant and Lounge found alongside the new dunhill store in the Boulevard at Jumeirah Emirates Tower. Alfie’s is a place where people will want to spend money, time and experiences. A place where guests will feel … Read more
France’s Hermes loses China trademark fight Foreign companies are having trouble in China over trademarks and unauthorised use of their names. The examples include Apple, basketball legend Michael Jordan and, more recently, French luxury group Hermes International. French luxury producer Hermes, which is known as “Ai Ma Shi” in China, has lost a lawsuit against … Read more
This year, Artprice’s annual art market report – based on 6.3 million auction results from 4,500 auction houses around the world focused particularly on China’s successful conquest of the global art market. In spite of the sword of Damocles hanging over the West, art in fact sold better in 2011 than at any other time … Read more