日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

Bulgari targets local shoppers with boutiques

(Agencies) Updated: 2016-02-29 07:45

Bulgari targets local shoppers with boutiques

A model wears Bulgari's rings, neck-lace and earrings at a launch in Taipei.CHINA DAILY

Bulgari is investing more than ever in China, aiming to tap in to the growing reluctance of Chinese shoppers to buy abroad due to security fears, stricter customs checks and a devaluation of its currency.

The world's third-largest watch and jewelry brand, part of luxury goods powerhouse LVMH, plans to open two boutiques in the Chinese mainland this year, Bulgari's CEO said, on top of three last year.

"If you see there is a potential swing with more mainland and less travel proportion, it's one more reason to speed up your mainland investments," Bulgari Chief Executive Jean-Christophe Babin told Reuters.

China's economy grew 6.9 percent last year, its slowest rate in 25 years, putting a damper on Chinese sales of everything from food to trips abroad. These foreign visits have often been a launch pad for purchases of luxury items, since they would avoid the hefty taxes levied in China.

But Babin said some Chinese consumers have become nervous about traveling to Europe and other places, due to the November attacks in Paris, where 130 people were killed.

"If we sell fewer watches to Chinese when they travel-Paris obviously because people are a bit scared-we see conversely a strong increase in our business in the Chinese mainland."

The shift to domestic purchases is also being fueled by the depreciation of the Chinese currency, which makes it more expensive to buy abroad, as well as stepped-up checks by Chinese customs on purchases made abroad.

Chinese tourists returning from overseas trips are becoming subject to stricter-than-ever customs controls on what they bring back, Babin said, adding that watches are subject to a 30 percent levy plus a penalty that is a multiple of that for anyone caught not declaring the purchase.

"People are quite scared to buy a $10,000 watch in Hong Kong, Zurich or Tokyo and eventually have to pay twice as much as they originally paid," Babin said.

Bulgari, with annual sales estimated between 1.5 and 2 billion euros, is No 3 behind Richemont's Cartier and Tiffany.

"More than ever, it makes a lot of sense for Bulgari to invest in China," said Babin.

Chinese consumers, whether shopping at home or abroad, make up more than 30 percent of sales of Swiss watches, and are notorious lovers of luxury goods in general. Babin declined to give specific sales figures for its divisions, which also include leather goods and hotels.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产精品v亚洲精品v日韩精品 | 一区二区视频免费在线观看 | 青青草久久| 手机午夜视频 | 久久久久久久久福利 | 国产自偷自拍 | 久久青| 亚洲欧美国产另类 | 91精品在线免费观看 | 草草影院在线观看 | 欧美日韩a v | 久久不卡视频 | 777精品视频| 日本天天色 | 欧美一级片在线看 | 亚洲天堂男人 | 国产精品成人自拍 | 欧美视频一区二区在线 | 免费观看黄色大片 | 国产精品网站在线 | 欧美日韩三级在线观看 | 婷婷天堂网 | 中文字幕区 | 国产一区二区三区四区在线观看 | 亚洲精品2 | 欧美一级生活片 | 欧美一区一区 | 天堂在线视频网站 | 91导航在线观看 | 草久久免费视频 | 伊人青草 | 99久久精品国产一区二区三区 | 亚洲精品久久久久 | 久草免费在线视频 | a在线观看视频 | 国产精品久久久久久久午夜 | 欧美一区二区三区视频在线 | 日本视频网 | 五月激情开心网 | www.色偷偷| 欧美美女一区 |