. Military Space News .




.
TRADE WARS
Louis Vuitton pitches handbags in China museum
by Staff Writers
Beijing (AFP) June 5, 2011

Louis Vuitton may have lost prime advertising space in China when its giant suitcase was torn down in Shanghai, but it is now wooing customers in the hallowed halls of the national museum in Beijing.

The Louis Vuitton Voyages exhibition, marking the French fashion house's 20th year in China -- the world's fastest growing market for luxury goods -- features hundreds of canvas trunks and leather handbags dating back to the 1860s.

Louis Vuitton is already the brand of choice for many of China's increasingly wealthy middle class and analysts said the show in the heart of the capital would help cement its dominance of the country's high-end market.

The display also reflects a growing trend in China for luxury products to use museums, art galleries and film festivals to promote their brands in the hope of appealing to more sophisticated and well-educated consumers, they said.

Earlier this year, US designer Diane von Furstenberg showed off a selection of her creations at an exhibition called Journey of a Dress in Beijing's trendy 798 art district.

The Louis Vuitton show "is quite a clever thing to do because it is a very premium and prestigious setting", Sam Mulligan, director of Data Driven Marketing Asia in Shanghai, told AFP.

"It suggests history and longevity and being in the business for a long time -- all of these things are important in this market."

Shaun Rein, managing director of China Market Research Group, agreed.

"Louis Vuitton consumers are very interested in buying a brand with long-term heritage... and I think that's why Louis Vuitton is very smart to partner with the museum," Rein told AFP.

The newly refurbished National Museum located across from Tiananmen Square hopes the exhibition will "inspire the domestic cultural design industry", the People's Daily website quoted museum deputy director Chen Lusheng as saying.

The glitzy show of trunks and handbags is in stark contrast to the centuries-old bronze vessels and porcelain vases on display in other parts of the museum.

Louis Vuitton, whose products have been promoted by celebrities from former Soviet leader Mikhail Gorbachev to U2 singer Bono, is no doubt hoping to boost its position in China's booming luxury sector.

China is forecast to be the world's top buyer of luxury products such as handbags, watches, shoes and clothes by 2015, according to consultancy PriceWaterhouseCoopers -- but analysts say brand loyalty can be fickle.

"Right now Louis Vuitton is the dominant player but they are going to have massive problems in the coming five years" as people start to buy their second or third luxury handbag, said Rein.

"After you've bought Louis Vuitton or Gucci, do you go back to Louis Vuitton and Gucci or do you try something different?"

Despite its popularity among well-heeled consumers, Louis Vuitton has run into problems with the authorities.

Workers began dismantling Louis Vuitton's 20-metre-high suitcase in a busy shopping district of Shanghai last month after the government ruled it breached size restrictions for outdoor advertising, state media said.

Huang Chen -- the proud owner of two Louis Vuitton handbags -- said the exhibition in Beijing would help Chinese consumers better understand the history of the luxury designer and boost sales.

"Young people will understand why it became a major brand," Huang told AFP as she toured the show with her 18-year-old daughter.

"The quality is good and they are useful. It is more convenient to use than other bags."

But the People's Daily -- the ruling Communist Party's mouthpiece -- has criticised the museum for holding the exhibition, saying it was "too commercial".

"Shouldn't the National Museum raise its threshold and make its selection stricter when introducing an exhibition?" the newspaper said on its website.

But student Wang Jing, a confessed Louis Vuitton lover, gave the exhibition a big thumbs-up.

"I like the general feel (of the handbags). Even though it is simple on the outside, the inside is detailed. I really want to buy one," she told AFP.

Once she saves the money, that is.




Related Links
Global Trade News

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries


4 tons of old coins found in China
Nanjing, China (UPI) Jun 5, 2011 - A cache of about 200,000 ancient coins has been discovered in a well at a construction site in Suzhou in eastern China, archaeologists say.

The king's ransom of coins, weighing in at about 4 tons, are likely from the Northern Son Dynasty, which ran from A.D. 960 to A.D. 1126, the state news agency Xinhua reported Saturday.

The city's archaeological institute said archaeologists went to the site after construction workers came upon the coins Wednesday. Archaeologists' conjecture is the coins may have been hidden by an unidentified wealthy family during war in the relatively prosperous region.





. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Giant open-pit mine raises questions in Uruguay
Cerro Chato, Uruguay (AFP) June 5, 2011
A plan to build a giant open pit mine has created a sharp rift between those who think Uruguay's rich agricultural land should be protected, and those wanting to exploit its wealth. The Aratiri project, owned by Zamin Ferrous, a London-based minerals company, will cost an estimated $2.5 billion (1.7 million Euros), the largest mining project ever in South America, and equivalent to more than ... read more


TRADE WARS
Army Receives First THAAD Missiles

Medvedev says Russia, US 'losing time' on missile defense

Obama offers reassurance over anti-missile plans

Lithuania will seek NATO missile assurances at Obama meet

TRADE WARS
West to have 80,000 cruise missiles by 2020

Boeing Awarded PAC-3 Seeker Production Contract

Israel to switch Hawks for David's Sling

China 'to target 1,800 missiles at Taiwan in 2012'

TRADE WARS
AeroVironment Receives New Orders for Digital Raven Systems

NMSU stages successful UAV test over Hatch

RAF Announces New Reaper Squadron

US Navy and Northrop Grumman-led UCAS-D Flight Test Team Honored Twice by USAF

TRADE WARS
Lockheed system proves its worth

Intelsat General To Support Armed Forces Radio And Television Service

Northrop Grumman Awarded Continuing Operation of Battlefield Airborne Communications Node Contract

ADTI Launches High Performance Antenna Arrays Protype Program

TRADE WARS
Russian arms depot blasts force evacuation of 28,000

Gripen Tigers Flew in France

GDLS to maintain Aussie army vehicles

Dutch Tank History Ends With a Bang

TRADE WARS
Russia delivers another batch of naval fighters to India

Arms sales to Arabs states under fire

GD to Deliver Through Life Support for ASLAV, M1A1 and M88A2 Fleets

Al-Qaeda plot to kill Lockheed chief: testimony

TRADE WARS
Ban Ki-moon reelection campaign gathers pace

US military chief 'open' to ideas on Japan base

Gates denies US wants to 'hold China down'

Chinese military build-up no threat: senior army official

TRADE WARS
MLD Test Moves Navy A Step Closer To Lasers For Ship Self-Defense

US Navy And Northrop Grumman Accomplish Goals For At-Sea Demonstration Of Maritime Laser


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement