In case you missed them the first time around, here are some of Jing Daily’s top posts for the week of December 10-14:
In the hopes of expanding further into the jewelry space and increasing its already significant footprint in the mainland China market, this weekend the French luxury giant PPR announced plans to acquire the eight-year-old Hong Kong-based French-Chinese jewelry house Qeelin. Currently with 14 boutiques in mainland China, Hong Kong and Europe, Qeelin’s acquisition by Gucci owner PPR comes a year after group CEO Francois-Henri Pinault said he was interested in acquiring a Chinese brand “with its own identity” that differentiates itself from European-style luxury items.
This week, Christie’s and the China Europe International Business School (CEIBS) announced a new partnership, which will bring the auction house’s educational wing to mainland China for the first time. The new program, “The Global Art Market: Collecting & Investment,” is aimed at giving China’s burgeoning collector class a better understanding of the developments shaping the auction market now just in China but around the world.
Offering a holistic overview of the industry, the program delves into everything from the history of art to law, insurance and estate planning.
In partnership with LAB Concept, next May will see the launch of the first Greater China Topshop flagship in Hong Kong. The prime location, announced this week, is expected to comprise 12,000 square feet across two floors in a prime corner suite within the Asia Standard Tower on Queens Road Central. Split into two sections, the ground floor will showcase Topshop fashion lines in a modern concrete and gloss-white setting in one room, while the second will showcase the company’s accessories and makeup collections. Upstairs, a dedicated shoe lounge stocks the popular footwear collections among glass fixtures and a mirrored ceiling, while by-appointment personal shopping offers Hong Kong shoppers the VIP treatment in a private setting.
This past week, London’s The Art Newspaper announced that it has partnered with Beijing-based Modern Media Group to produce The Art Newspaper China under license from early 2013. Joining the Umberto Allemandi network of newspapers which, in addition to The Art Newspaper, includes Il Giornale dell’Arte, Le Journal des Arts, Ta Nea Tis Technis, Il Giornale dell’Architettura and The Art Newspaper Russia, the Chinese-language Art Newspaper China will be distributed with the magazine Bloomberg Businessweek China and the bilingual art-criticism journal Leap.
While we have always said the Chinese luxury market is largely dominated by female shoppers, male shoppers have increasingly become a consumer force as well. Sina Style has even gone so far as to claim, “Luxury [in China] is undergoing a gender transition.” According to Microsoft Advertising, male shoppers are 44 percent more willing to dig deep in their pockets for luxury purchases, out-shopping their female counterparts in nearly every category.